2018 (8) TMI 1067 - SCH - Income Tax

Capitalization of Interest income on FDR s - thereby reducing the cost of fixed assets - taxability of interest as income from other sources u/s 56 Leave granted.

Summary

The Supreme Court of India has granted leave after condoning the delay in the case. The judges for the case were Mr. Rohinton Fali Nariman and Mr. Navin Sinha. The legal representatives included Mr. A.N.S. Nadkarni, Mr. Zoheb Hussain, Ms. Rukhmini Bobde, and Mrs. Anil Katiyar.