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2015 (6) TMI 1221 - AT - Income TaxCorrect head of income - interest on short term deposits - Addition by AO treating the same as income from other sources - capital receipt or income from other sources - HELD THAT:- As decided in assessee's own case [2014 (6) TMI 1050 - ITAT CHANDIGARH] no merit in the plea of the assessee that the interest earned by the assessee is to be infused as share capital and/or to be returned to the Principals who had had advanced the loans to the assessee as the assessee has failed to bring on record any evidence to establish its claim. Merely because the money in future would be utilized for capital expenditure does not make the receipts as capital receipts in the hands of the assessee. - Decided against assessee.
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