Interest on fixed deposits during construction period held not taxable as FDRs were not made out of borrowed fund
August 28, 2017
Income Tax, ITAT, Judgments
Interest on fixed deposits during construction period held not taxable as FDRs were made out of share application money and not borrowed fund ABCAUS Case Law Citation: ABCAUS 2046 (2017) (08) ITAT Assessment Year : 2009-10 Important Case Laws Cited/relied upon by the parties: Tuticorin Alkali Chemicals …