Interest on bank deposits when project is being setup is a capital receipt: POSCO India case

Taxability of income earned by an assessee during the period when the project was not complete and business had not commenced has remained a debatable point in many cases. Recently, in ACIT vs. POSCO India Pvt. Ltd. and vice-versa [ITA No.155 & 122/CTK/2017, decided on 15.02.2018], the only common iss

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