https://www.taxtmi.com/caselaws?id=294965 The ITAT upheld the CIT(A)'s decision to classify interest income as capital receipts rather than income from other sources. The department's appeals were dismissed, affirming that the interest earned during construction was linked to the project setup and should be treated as capital receipts. Precedents from the Supreme Court and Delhi High Court supported this decision. en-us Wed, 13 Sep 2017 00:00:00 +0530 Thu, 13 May 2021 08:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294965 The ITAT upheld the CIT(A)'s decision to classify interest income as capital receipts rather than income from other sources. The department's appeals were dismissed, affirming that the interest earned during construction was linked to the project setup and should be treated as capital receipts. Precedents from the Supreme Court and Delhi High Court supported this decision. Case-Laws Income Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294965