https://www.taxtmi.com/caselaws?id=234338 The Court dismissed the appeal, upholding the decisions of the Appellate Authority and Tribunal. The surrendered amount was deemed income from business, justifying the set off granted to the assessee. The Court found no merit in the Revenue's arguments, as the factual findings supported the treatment of the amount as business income. The questions raised in the appeal were answered in favor of the assessee, leading to the dismissal of the appeal with no costs awarded. en-us Mon, 13 May 2013 00:00:00 +0530 Mon, 03 Feb 2014 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234338 The Court dismissed the appeal, upholding the decisions of the Appellate Authority and Tribunal. The surrendered amount was deemed income from business, justifying the set off granted to the assessee. The Court found no merit in the Revenue's arguments, as the factual findings supported the treatment of the amount as business income. The questions raised in the appeal were answered in favor of the assessee, leading to the dismissal of the appeal with no costs awarded. Case-Laws Income Tax Mon, 13 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234338