https://www.taxtmi.com/caselaws?id=340748 The Tribunal determined that the assessee had commenced its business activities related to the Metro Rail System development, allowing the claimed business expenditure. It classified Government grants and interest income as business income, except for miscellaneous income categorized as "income from other sources." The Tribunal partially allowed the appeals, instructing the Assessing Officer to calculate business income and permit intra-head set off as per legal provisions. en-us Fri, 24 Mar 2017 00:00:00 +0530 Mon, 27 Mar 2017 07:43:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340748 The Tribunal determined that the assessee had commenced its business activities related to the Metro Rail System development, allowing the claimed business expenditure. It classified Government grants and interest income as business income, except for miscellaneous income categorized as "income from other sources." The Tribunal partially allowed the appeals, instructing the Assessing Officer to calculate business income and permit intra-head set off as per legal provisions. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340748