https://www.taxtmi.com/caselaws?id=25233 The High Court consistently held that interest income earned during the construction period should be set off against interest expenditure, and the net interest should be capitalized. This aligns with the realistic assessment of the situation and principles suggested by the Institute of Chartered Accountants of India. The interest income was not treated as "income from other sources" but as part of a single account with interest expenditure. en-us Wed, 18 Nov 1987 00:00:00 +0530 Wed, 27 Jan 2010 12:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25233 The High Court consistently held that interest income earned during the construction period should be set off against interest expenditure, and the net interest should be capitalized. This aligns with the realistic assessment of the situation and principles suggested by the Institute of Chartered Accountants of India. The interest income was not treated as "income from other sources" but as part of a single account with interest expenditure. Case-Laws Income Tax Wed, 18 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25233