https://www.taxtmi.com/caselaws?id=787924 Issue concerns tax characterisation of interest earned on temporary investment of borrowed funds intended for real estate construction. Applying the statutory heads and set-off framework, and following binding precedent, the interest was held to be revenue in nature and taxable under the head Income from Other Sources rather than capitalisable against project cost; decisions cited by the taxpayer were distinguished as factually different and insufficient to displace the controlling precedent, resulting in an adverse outcome for the assessee on the tax treatment of such receipts. en-us Fri, 13 Feb 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787924 Issue concerns tax characterisation of interest earned on temporary investment of borrowed funds intended for real estate construction. Applying the statutory heads and set-off framework, and following binding precedent, the interest was held to be revenue in nature and taxable under the head Income from Other Sources rather than capitalisable against project cost; decisions cited by the taxpayer were distinguished as factually different and insufficient to displace the controlling precedent, resulting in an adverse outcome for the assessee on the tax treatment of such receipts. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787924