The Delhi High Court held interest on funds linked to project setup and earmarked for machinery purchase cannot be taxed separately. Bench of Justices V Kameswar Rao and Vinod Kumar ruled such income must be capitalized reducing overall project cost
The Delhi High Court held interest on funds linked to project setup and earmarked for machinery purchase cannot be taxed separately. Bench of Justices V Kameswar Rao and Vinod Kumar ruled such income must be capitalized reducing overall project cost