Interest received on FDRs/ICDs - funds are inextricably linked ...
Case Laws Income Tax
March 29, 2019
Interest received on FDRs/ICDs - funds are inextricably linked to the development of port terminal and other infrastructure at Karanja Creek which is yet to be completed and commissioned - development work of the port delayed due to late issuance of permissions/clearances by the Govt authorities - capital receipt neither taxable u/s 56 nor u/s 115JB
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