https://www.taxtmi.com/caselaws?id=433780 A fixed assured return paid under a property-allotment financing arrangement was treated as interest arising from a debt-claim for India-UK DTAA purposes, because the allottee had no present lien or proprietary interest in the unit until conveyance. On that basis, the receipt was not assessable as income from other sources and was taxable as interest under Article 12. The addition for alleged unexplained cash credits was restored for fresh examination because the additional evidence had not been properly considered at the appellate stage, with a further opportunity of hearing to be provided. en-us Mon, 30 Jan 2023 00:00:00 +0530 Wed, 08 Feb 2023 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433780 A fixed assured return paid under a property-allotment financing arrangement was treated as interest arising from a debt-claim for India-UK DTAA purposes, because the allottee had no present lien or proprietary interest in the unit until conveyance. On that basis, the receipt was not assessable as income from other sources and was taxable as interest under Article 12. The addition for alleged unexplained cash credits was restored for fresh examination because the additional evidence had not been properly considered at the appellate stage, with a further opportunity of hearing to be provided. Case-Laws Income Tax Mon, 30 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433780