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![Interest earned by a Company from fixed deposit furnished as Bank Guarantee to obtain License is a “Capital Receipt”: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Interest-Bank-Guarantee-Tax-Scan.jpg "Interest earned by a Company from fixed deposit furnished as Bank Guarantee to obtain License is a “Capital Receipt”: ITAT Mumbai [Read Order]")
Interest earned by a Company from fixed deposit furnished as Bank Guarantee to obtain License is a “Capital Receipt”: ITAT Mumbai [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal, has recently ruled that the amount of interest received by a company from its fixed deposit account...