Tag Archives: Interest on Short term Deposit

Interest on Short term Deposit before project commencement is not income ,will reduce project cost

HELD The investment in mutual funds was temporarily placed by the appellant company in order to ensure liquidity and availability of money as and when required and accordingly inextricably linked with the setting up of the power plant Interest Received from Income tax department  on TDS Refund has been earned from the funds borrowed for… Read More »