https://www.taxtmi.com/caselaws?id=188536 The Tribunal allowed the appeal, determining that the additional income declared during the survey should be treated as business income. Therefore, the assessee is eligible for deductions for remuneration and interest under Section 40(b) of the Income Tax Act. The decision highlights the significance of income nature and source in determining deduction eligibility and the classification of additional income disclosed during surveys. en-us Fri, 12 Aug 2016 00:00:00 +0530 Mon, 05 Dec 2016 09:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188536 The Tribunal allowed the appeal, determining that the additional income declared during the survey should be treated as business income. Therefore, the assessee is eligible for deductions for remuneration and interest under Section 40(b) of the Income Tax Act. The decision highlights the significance of income nature and source in determining deduction eligibility and the classification of additional income disclosed during surveys. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188536