Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Interest Income Earned During Plant Setup Treated as Capital: ITAT Upholds CIT(A)’s Decision to Delete Addition
Corporate ComplianceIncome Tax
ITAT upheld CIT(A)’s deletion of an addition, treating interest income during plant setup as capital. The tribunal ruled such income offsets project costs, not taxable as revenue. The decision aids businesses in capital expenditure planning.
