Allowed
M/S.Roads and Bridges Development v. Asst. Commissioner of Income Tax
Kerala HCITA/378/2010
Case brief
AI extract
What is this about?
The Kerala High Court allowed Income Tax Appeal No. 378 of 2010. This is a connected appeal where the court answered the question regarding income from mobilisation advance as a capital receipt based on a previous connected judgment, dismissing the revenue's claim against the assessee.
What did the court decide?
The appeal was allowed; the holding from a connected appeal determining mobilisation advance interest as capital receipt is affirmed; costs in the nature of court fees.