No addition for interest received on behalf of GOI & deposited in consolidated fund of India

DCIT Vs National Highways & Infrastructure Development Corp India (ITAT Delhi) Introduction: The recent decision by the ITAT Delhi in the case of DCIT vs. NHIDCL unfolds a significant chapter in the realm of interest income tax disputes. This analysis delves into the intricate details of the case, examining the contentions, judicial pronouncements, and the ultimate verdict rendered by the tribunal. Detailed Analysis: 1. Background and Grounds of Appeal: The National Highways Infrastructure Development Corporation Limited (NHIDCL) faced an appeal by the Revenue against the CIT(A)/NFAC ord...