https://www.taxtmi.com/caselaws?id=263243 The Tribunal ruled in favor of the assessee, holding that the income disclosed during the survey should be classified as "Business Income" and not "Income from Other Sources." The deduction under Section 80IB of the IT Act, 1961, was deemed applicable to this income. The Tribunal directed the Assessing Officer to allow the deduction on the disclosed amount, thereby partly allowing the assessee's appeal. en-us Fri, 07 Aug 2015 00:00:00 +0530 Sat, 29 Aug 2015 06:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263243 The Tribunal ruled in favor of the assessee, holding that the income disclosed during the survey should be classified as "Business Income" and not "Income from Other Sources." The deduction under Section 80IB of the IT Act, 1961, was deemed applicable to this income. The Tribunal directed the Assessing Officer to allow the deduction on the disclosed amount, thereby partly allowing the assessee's appeal. Case-Laws Income Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263243