https://www.taxtmi.com/caselaws?id=329973 The Tribunal allowed the assessee's appeals, granting the deduction under section 80IA(4) of the Income Tax Act and dismissing the CIT's revision orders under section 263. It held that income classification under different heads does not affect eligibility for deduction as long as the business activity aligns with the Act's provisions. The Tribunal emphasized that income from infrastructure facilities, even if classified as 'Income from House Property,' can still qualify as 'Profits & Gains from Business or Profession' for deduction purposes. en-us Mon, 11 Jul 2016 00:00:00 +0530 Thu, 14 Jul 2016 11:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329973 The Tribunal allowed the assessee's appeals, granting the deduction under section 80IA(4) of the Income Tax Act and dismissing the CIT's revision orders under section 263. It held that income classification under different heads does not affect eligibility for deduction as long as the business activity aligns with the Act's provisions. The Tribunal emphasized that income from infrastructure facilities, even if classified as 'Income from House Property,' can still qualify as 'Profits & Gains from Business or Profession' for deduction purposes. Case-Laws Income Tax Mon, 11 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329973