https://www.taxtmi.com/caselaws?id=65988 The Tribunal ruled in favor of the assessee, determining the income as business income rather than income from other sources. The set off of losses for assessment years 1979-80 and 1980-81 against the income for 1981-82 was allowed. The Tribunal directed the Income Tax Officer to compute the income for 1980-81 as business income and permit the set off of previous losses. en-us Sat, 28 Jul 1984 00:00:00 +0530 Sat, 19 Feb 2011 16:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65988 The Tribunal ruled in favor of the assessee, determining the income as business income rather than income from other sources. The set off of losses for assessment years 1979-80 and 1980-81 against the income for 1981-82 was allowed. The Tribunal directed the Income Tax Officer to compute the income for 1980-81 as business income and permit the set off of previous losses. Case-Laws Income Tax Sat, 28 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65988