Want to know more
Enter the details and we'll call you soon

Name :

Company Name :

City :

Mobile No. :

Email id :

  

Thank you for your details



Our Executive will reach you shortly.

Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset SessionCancel Session
 
Skip Navigation Links

Interest earned on unutillised funds kept in FDRs due to delay in completion of project held as capital receipt

September 26, 2019[2019] 109 taxmann.com 105 (Mumbai - Trib.)/[2019] 71 ITR(T) 390 (Mumbai - Trib.)
36 Views

INCOME TAX: Where assessee-company, incorporated for development and operation of multipurpose port terminal, raised certain share capital in form of foreign inward remittance, in view of fact that said project got delayed due to various reasons beyond assessee's control and, thus, assessee had to keep unutilised funds in banks in form of FDRs, interest income earned on said deposits being in nature of capital receipt, was not liable to tax

read more

taxmann.com
Payment
Best view in 1140 x 768