Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2023 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2023 (12) TMI 1024 - AT - Income TaxNature of receipt - interest earned by the assessee from short term investments in unutilized funds - revenue or capital receipt - HELD THAT:- We notice that the co-ordinate bench in assessee’s own case for A.Y. 2013-14 to 2015-16 [2019 (3) TMI 1457 - ITAT MUMBAI] considered same issue thus we hold that the interest income received by the assessee is capital in nature and accordingly, not taxable under both the normal provisions of the Act as well as under section 115JB. Decided against revenue.
|