https://www.taxtmi.com/caselaws?id=468366 Interest earned on fixed deposits or temporary investments of unutilised funds received for a specified governmental project was treated as part of the project-related receipts, not as income from the assessee's independent commercial operations. Where the funds were kept separately for the designated project and the assessee had no unfettered dominion over them, the interest retained the same character as the underlying project funds. Applying its earlier view in the assessee's own matter and finding no contrary material, the Tribunal held that the interest addition was not sustainable and deleted it. en-us Tue, 13 Jul 2021 00:00:00 +0530 Fri, 01 May 2026 17:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468366 Interest earned on fixed deposits or temporary investments of unutilised funds received for a specified governmental project was treated as part of the project-related receipts, not as income from the assessee's independent commercial operations. Where the funds were kept separately for the designated project and the assessee had no unfettered dominion over them, the interest retained the same character as the underlying project funds. Applying its earlier view in the assessee's own matter and finding no contrary material, the Tribunal held that the interest addition was not sustainable and deleted it. Case-Laws Income Tax Tue, 13 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468366