https://www.taxtmi.com/caselaws?id=429549 The Tribunal held that the delay in claiming the TUFS subsidy as a capital receipt was attributable to the assessee. Consequently, the period from the start of the assessment year to the date the additional ground was raised before the CIT(A) was excluded from interest calculation. The assessee was entitled to interest from the date the additional ground was raised to the date of the CIT(A)'s order, and the AO was directed to allow interest for this period. The Revenue's appeal was partly allowed based on these findings. en-us Wed, 26 Oct 2022 00:00:00 +0530 Mon, 31 Oct 2022 08:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429549 The Tribunal held that the delay in claiming the TUFS subsidy as a capital receipt was attributable to the assessee. Consequently, the period from the start of the assessment year to the date the additional ground was raised before the CIT(A) was excluded from interest calculation. The assessee was entitled to interest from the date the additional ground was raised to the date of the CIT(A)'s order, and the AO was directed to allow interest for this period. The Revenue's appeal was partly allowed based on these findings. Case-Laws Income Tax Wed, 26 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429549