Interest from Fixed Deposit Receipts before March 31, 2011, should offset project costs, not be taxed as income.

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....Interest accruing on FDRs treated as income from other sources - since the assessee is not having any other source of income de horse this business undertaking which was not set up, interest income earned by the assessee till 31/03/2011 cannot be brought to tax - to be reduced from the cost of project - AT....