https://www.taxtmi.com/caselaws?id=185494 The Tribunal dismissed the Revenue's appeal and upheld the CIT (A) order regarding the allowance of business expenses, treatment of income from bad debts and miscellaneous income, and addition on account of gratuity write back. The Tribunal found that the temporary suspension of business did not warrant categorizing the income as "income from other sources" and agreed with the CIT (A) that the income should be taxed as business income under section 41(1) of the Income Tax Act. en-us Wed, 27 Jun 2012 00:00:00 +0530 Tue, 16 Aug 2016 14:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185494 The Tribunal dismissed the Revenue's appeal and upheld the CIT (A) order regarding the allowance of business expenses, treatment of income from bad debts and miscellaneous income, and addition on account of gratuity write back. The Tribunal found that the temporary suspension of business did not warrant categorizing the income as "income from other sources" and agreed with the CIT (A) that the income should be taxed as business income under section 41(1) of the Income Tax Act. Case-Laws Income Tax Wed, 27 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185494