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Correct head of income - income from infrastructure support...

Assessee can claim business expenses for infrastructure services and equipment hire; entitled to deductions under IT Act Section 24(a).

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Income Tax December 14, 2021 Case Laws AT
Correct head of income - income from infrastructure support services - the action of the authorities below not to permit the assessee to arrange their business in the way which is beneficial to them, within the permissible limits of law, is impermissible. Then it goes without saying that the assessee is entitled to claim the business expenses in respect of the income from the services provided and hiring of equipment, and statutory deductions under section 24 (a) of the Act insofar as the income from the house property is concerned. - AT

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Acts Income Tax