2015 (2) TMI 1306

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..... come Tax Appellate Tribunal's (ITAT) impugned order dated 20.06.2014, in ITA No.1520/Del/2013. It urges that the amount of Rs. 42,06,774/-, the bulk of which was interest received from banks on amounts of share capital temporarily deposited, and a sum of Rs. 6 lakhs, on account of forfeiture of earnest money, had to be treated as income. The relevant facts are that the assessee? which was incorp .....

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..... and directed the deletion of the amount from the assessment. The ITAT upheld the order of the CIT (Appeals). In doing so, the ITAT followed the decision of this Court in Indian Oil Panipat Power Consortium Limited v. Income Tax Officer 2009 (315) ITR 255 and the later decision of this Court in the case of NTPC Sail Power Company Private Limited v. CIT (ITA 1238/2011, decided on 17.07.2012). Ha .....

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