https://www.taxtmi.com/caselaws?id=209017 The Tribunal affirmed the CIT (A)'s decision that income from project management services and electricity rebate should be classified as business income, not income from other sources. It also upheld the allowance of setting off losses from the 10A unit against business profits of other units, emphasizing the permissibility under specific circumstances and legal provisions. The judgment highlighted the interconnectedness of income with business activities and the importance of considering such connections in tax assessments. en-us Tue, 30 Nov 2010 00:00:00 +0530 Thu, 01 Aug 2013 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209017 The Tribunal affirmed the CIT (A)'s decision that income from project management services and electricity rebate should be classified as business income, not income from other sources. It also upheld the allowance of setting off losses from the 10A unit against business profits of other units, emphasizing the permissibility under specific circumstances and legal provisions. The judgment highlighted the interconnectedness of income with business activities and the importance of considering such connections in tax assessments. Case-Laws Income Tax Tue, 30 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209017