Sponsored
    Follow Us:

Case Law Details

Case Name : Solarfield Energy Pvt Ltd Vs ITO (ITAT Mumbai)
Related Assessment Year : 2012-13
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Solarfield Energy Pvt Ltd Vs ITO (ITAT Mumbai)

Conclusion: Interest income generated during pre-operative period was correctly reduced by assessee-company from WIP  as the same was inextricably linked with the power project and would be considered as capital receipt.

Held: During the assessment, AO noted that assessee had reduced interest on fixed deposits from WIP. AO made addition of the same. Assessee filed its detailed reply and stated that the amount was earned during the testi

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31