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2012 (5) TMI 85 - HC - Income TaxReassessment - A.O. opined that the interest received on the award is an "income from other sources", and not an "income from business" as claimed by the assessee in the original return - Held that: the amounts under a contract were not paid at the proper time and, as such, the interest was awarded to the assessee for such delay. The interest was only an accretion to the assessee's receipts from the contracts and was attributable to an incidental to the business carried on by it - the interest payable to the assessee is at par with the business receipts, as it was not acquired separately as already held by Hon'ble Apex Court in the case of Govinda Chaudhary & Sons (1992 -TMI - 5424 - SUPREME Court) - Decided in favor of the assessee
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