https://www.taxtmi.com/caselaws?id=178484 The Tribunal upheld the decision of the CIT(A) allowing the deduction under section 80IB on the disclosed income of Rs. 50,00,000, which was declared as business income related to the construction business. The Tribunal found that the income had a direct connection with the construction business, making it eligible for the deduction despite being initially treated as miscellaneous income by the Revenue. The appeal by the Revenue was dismissed based on this finding and relevant legal precedent. en-us Fri, 21 Sep 2012 00:00:00 +0530 Sat, 06 Feb 2016 10:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178484 The Tribunal upheld the decision of the CIT(A) allowing the deduction under section 80IB on the disclosed income of Rs. 50,00,000, which was declared as business income related to the construction business. The Tribunal found that the income had a direct connection with the construction business, making it eligible for the deduction despite being initially treated as miscellaneous income by the Revenue. The appeal by the Revenue was dismissed based on this finding and relevant legal precedent. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178484