https://www.taxtmi.com/caselaws?id=403577 The Revenue's appeals regarding the taxability of interest income earned from bank deposits for the assessment years 2013-14 and 2014-15 were remanded back to the CIT(A) for fresh consideration. The tribunal directed a re-examination of the issue, considering relevant case law and providing proper opportunity for the assessee. Additionally, the tribunal allowed the assessee's appeal for the assessment year 2013-14, determining that the forfeiture of earnest money and other recoveries from contractors should be treated as capital receipts, reducing the project cost. en-us Fri, 29 Jan 2021 00:00:00 +0530 Mon, 01 Feb 2021 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403577 The Revenue's appeals regarding the taxability of interest income earned from bank deposits for the assessment years 2013-14 and 2014-15 were remanded back to the CIT(A) for fresh consideration. The tribunal directed a re-examination of the issue, considering relevant case law and providing proper opportunity for the assessee. Additionally, the tribunal allowed the assessee's appeal for the assessment year 2013-14, determining that the forfeiture of earnest money and other recoveries from contractors should be treated as capital receipts, reducing the project cost. Case-Laws Income Tax Fri, 29 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403577