2018 (2) TMI 1764

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Full Text of the Document

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....e order of ITAT, which held that the interest derived from mobilisation advance made over to the assessee's contractors in the course of execution of the agreement for setting up of the plant and equipment in a new project, was intrinsically connected with its business activities. The Assessing Officer (AO) brought to tax its amount as other income. Consequently, the assessee appealed to the CIT(A....