https://www.taxtmi.com/caselaws?id=770617 The ITAT Delhi held that interest income received by a Resident Welfare Association filing returns as an Association of Persons (AOP) is not taxable. The tribunal relied on the precedent set in Belaire Condominium Association case, where similar interest income was ruled non-taxable. The decision favored the assessee and was decided against the revenue department. en-us Fri, 09 May 2025 00:00:00 +0530 Wed, 14 May 2025 07:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770617 The ITAT Delhi held that interest income received by a Resident Welfare Association filing returns as an Association of Persons (AOP) is not taxable. The tribunal relied on the precedent set in Belaire Condominium Association case, where similar interest income was ruled non-taxable. The decision favored the assessee and was decided against the revenue department. Case-Laws Income Tax Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770617