https://www.taxtmi.com/caselaws?id=10411 The court held that the assessee qualifies as a non-trading company for the relevant assessment years and that income from dividends, interest on securities, and property income, treated as business income under the Companies Act, should be included for computing profits under Section 32AB(3) of the Income-tax Act. The court emphasized that eligibility for deduction under Section 32AB(3) extends to all income derived from eligible business activities, not limited to specific income heads. The appeal was allowed, the Tribunal's decision was overturned, and the assessee prevailed on both issues. en-us Thu, 27 Jan 2005 00:00:00 +0530 Wed, 15 Jul 2009 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10411 The court held that the assessee qualifies as a non-trading company for the relevant assessment years and that income from dividends, interest on securities, and property income, treated as business income under the Companies Act, should be included for computing profits under Section 32AB(3) of the Income-tax Act. The court emphasized that eligibility for deduction under Section 32AB(3) extends to all income derived from eligible business activities, not limited to specific income heads. The appeal was allowed, the Tribunal's decision was overturned, and the assessee prevailed on both issues. Case-Laws Income Tax Thu, 27 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10411