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2015 (2) TMI 1306 - HC - Income TaxAccrual of income - Interest received from banks on amounts of share capital temporarily deposited and on account of forfeiture of earnest money - Its return, assessee claimed that these amounts were inextricably linked with the capital stream and not taxable as income - AO treated the same as income - CIT differed from that view and directed the deletion of the amount from the assessment also confirmed by ITAT - HELD THAT:- ITAT upheld the order of the CIT (Appeals). In doing so, the ITAT followed the decision of this Court in Indian Oil Panipat Power Consortium Limited v. Income Tax Officer [2009 (2) TMI 32 - DELHI HIGH COURT] and the later decision of this Court in the case of NTPC Sail Power Company Private Limited v. CIT [2015 (7) TMI 193 - ITAT DELHI] . Having considered the submissions, this Court is of the opinion that there is no infirmity in the order of the ITAT. No substantial question of law arises. The appeal is accordingly dismissed.
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