Case of PCIT vs Brahma Center Development Pvt Ltd, HC Delhi Judgement Dated 23rd September 2025. HC held that interest earned on fixed deposits (FDRs) created from project-linked funds (foreign direct investment/loans) is a capital receipt, not taxable as ‘income from other sources’. The court found the interest had a direct, inseparable nexus to the real estate project, permitting it to be adjusted against project costs.