TMI Blog1992 (2) TMI 77X X X X Extracts X X X X X X X X Extracts X X X X ..... JUDGMENT Pursuant to the direction given by this court, reference has been made by the Income-tax Appellate Tribunal, Cuttack Bench (in short, "the Tribunal"), under section 256(2) of the Income-tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in the said case that the interest component of an arbitration award is not taxable, being in the nature of a capital receipt. We are in agreement with the view expressed by this court in Govinda C ..... X X X X Extracts X X X X X X X X Extracts X X X X
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