https://www.taxtmi.com/caselaws?id=312760 The ITAT dismissed the Revenue's appeals for A.Y. 2012-13 and 2013-14. For A.Y. 2012-13, the CIT(A) upheld the assessee's treatment of a capital asset as a capital work in progress, not stock-in-trade, and deemed the interest income non-taxable due to arbitration contingencies. Similarly, for A.Y. 2013-14, the CIT(A) dismissed the Revenue's appeal regarding interest income discrepancies, aligning with the previous year's findings. en-us Fri, 01 Oct 2021 00:00:00 +0530 Wed, 06 Mar 2024 05:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312760 The ITAT dismissed the Revenue's appeals for A.Y. 2012-13 and 2013-14. For A.Y. 2012-13, the CIT(A) upheld the assessee's treatment of a capital asset as a capital work in progress, not stock-in-trade, and deemed the interest income non-taxable due to arbitration contingencies. Similarly, for A.Y. 2013-14, the CIT(A) dismissed the Revenue's appeal regarding interest income discrepancies, aligning with the previous year's findings. Case-Laws Income Tax Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312760