https://www.taxtmi.com/caselaws?id=403679 The Tribunal allowed the appeal, ruling that interest income from Fixed Deposit Receipts during the pre-operative period is a capital receipt and not taxable. The decision was based on the principle that interest earned on funds linked to setting up a project is a capital receipt. The Tribunal directed the interest income to be treated as a capital receipt, overturning lower authorities' decisions. en-us Mon, 01 Feb 2021 00:00:00 +0530 Thu, 04 Feb 2021 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403679 The Tribunal allowed the appeal, ruling that interest income from Fixed Deposit Receipts during the pre-operative period is a capital receipt and not taxable. The decision was based on the principle that interest earned on funds linked to setting up a project is a capital receipt. The Tribunal directed the interest income to be treated as a capital receipt, overturning lower authorities' decisions. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403679