https://www.taxtmi.com/caselaws?id=175004 The Tribunal upheld the inclusion of income from properties under the business profits tax assessment, emphasizing that such income should be assessed only under section 9 of the Income-tax Act, not section 10. The judgment clarified that income for business profits tax must align with the definition of profits in the Business Profits Tax Act, specifically referencing section 10 of the Income-tax Act. Income from properties, even if part of the stock-in-trade, did not meet the criteria for business profits tax assessment unless computed under section 10 of the Income-tax Act. en-us Tue, 09 Feb 1960 00:00:00 +0530 Mon, 02 Nov 2015 16:24:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175004 The Tribunal upheld the inclusion of income from properties under the business profits tax assessment, emphasizing that such income should be assessed only under section 9 of the Income-tax Act, not section 10. The judgment clarified that income for business profits tax must align with the definition of profits in the Business Profits Tax Act, specifically referencing section 10 of the Income-tax Act. Income from properties, even if part of the stock-in-trade, did not meet the criteria for business profits tax assessment unless computed under section 10 of the Income-tax Act. Case-Laws Income Tax Tue, 09 Feb 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175004