https://www.taxtmi.com/caselaws?id=799952 Interest earned on funds provided by the Government is not assessable as the recipient entity's income where legal ownership of that interest remains with the Government, regardless of its earlier tax treatment. A signature bonus received on transferring developed power projects constitutes taxable business revenue when it arises from the ordinary activity of developing and transferring those projects. Such consideration is not a capital receipt where it does not compensate for the extinction or sterilisation of an income-producing source, particularly when related development expenditure has been claimed as revenue expenditure. en-us Wed, 16 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799952 Interest earned on funds provided by the Government is not assessable as the recipient entity's income where legal ownership of that interest remains with the Government, regardless of its earlier tax treatment. A signature bonus received on transferring developed power projects constitutes taxable business revenue when it arises from the ordinary activity of developing and transferring those projects. Such consideration is not a capital receipt where it does not compensate for the extinction or sterilisation of an income-producing source, particularly when related development expenditure has been claimed as revenue expenditure. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799952