https://www.taxtmi.com/caselaws?id=754452 The ITAT dismissed the Department's appeals for AYs 2016-17 and 2017-18, upholding the Ld.CIT(A)'s decision to treat the assessee's interest income as a capital receipt. The Tribunal found that the interest earned before business commencement was a capital receipt, to be adjusted against pre-operative expenses, consistent with prior rulings. en-us Thu, 20 Jun 2024 00:00:00 +0530 Mon, 24 Jun 2024 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754452 The ITAT dismissed the Department's appeals for AYs 2016-17 and 2017-18, upholding the Ld.CIT(A)'s decision to treat the assessee's interest income as a capital receipt. The Tribunal found that the interest earned before business commencement was a capital receipt, to be adjusted against pre-operative expenses, consistent with prior rulings. Case-Laws Income Tax Thu, 20 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754452