The question of taxability of interest earned from temporary parking of idle funds in FDRs by the Corporations and State Instrumentalities apparently seems to have been given a judicial burial by the Hon’ble Supreme Court of India recently in the case of National Co-operative Development Corporation v. CIT,The question of taxability of interest earned from temporary parking of idle funds in FDRs by the Corporations and State Instrumentalities apparently seems to have been given a judicial burial by the Hon’ble Supreme Court of India recently in the case of National Co-operative Development Corporation v. CIT,taxmann.com Latest ArticlesRead More