https://www.taxtmi.com/caselaws?id=255676 The court ruled in favor of the appellant, a public limited company engaged in software development and export, regarding the tax treatment of rental income from a temporary sublease of office premises. The court held that the rental income should be considered as profits of the business of the undertaking for the purpose of tax exemption under Section 10A of the Income Tax Act. As a result, the appeals were allowed, the previous decision was overturned, and the assessing authority was instructed to treat the rental income as income derived from the business of the undertaking for Section 10A benefits. en-us Tue, 28 Oct 2014 00:00:00 +0530 Fri, 23 Jan 2015 06:32:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255676 The court ruled in favor of the appellant, a public limited company engaged in software development and export, regarding the tax treatment of rental income from a temporary sublease of office premises. The court held that the rental income should be considered as profits of the business of the undertaking for the purpose of tax exemption under Section 10A of the Income Tax Act. As a result, the appeals were allowed, the previous decision was overturned, and the assessing authority was instructed to treat the rental income as income derived from the business of the undertaking for Section 10A benefits. Case-Laws Income Tax Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255676