2015 (12) TMI 1798 - HC - Income Tax

Accrual of income - Interest received from banks on amounts of share capital temporarily deposited and on account of forfeiture of earnest money - CIT differed from that view and directed the deletion of the amount from the assessment also confirmed by ITAT - HELD THAT - CIT differed from that view and directed the deletion of the amount from the assessment also confirmed by ITAT as 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 .

Summary

The Delhi High Court dismissed the appeal for Assessment Year 2009-10 based on a previous order related to Assessment Year 2008-09. Case citation: 2015 (12) TMI 1798 - DELHI HIGH COURT.