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2018 (10) TMI 1111 - ITAT RAIPURAddition on account of interest earned in surplus funds parked with banks - treating it as income from other sources OR to be treated as capital receipt and reduced from the cost of per-operative expenses accordingly - Held that:- Since the assessee in instant case is not free to use the funds for any purpose except TCB project and since there is no allegation that any part of fund has been used for any other purposes and since no addition was made by the Assessing Officer on this account in assessment year 2009-10, therefore, we find no infirmity in the order of the ld. CIT(A) in deleting the addition made by the Assessing Officer by treating such interest income from fixed deposits as capital receipt which would go to reduce the pre-operative expenditure. We, therefore, uphold the same and the ground raised by the Revenue is dismissed.
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