https://www.taxtmi.com/caselaws?id=354411 The High Court allowed the appeal, holding that the 'other income' disclosed and treated as business income must be considered part of income from business for computing book profits. The Court emphasized that the character of income does not change based on the section applied, ruling in favor of the appellant on the substantial question of law regarding the claim under section 40(b) of the Income Tax Act. en-us Mon, 12 Jun 2017 00:00:00 +0530 Fri, 26 Jan 2018 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354411 The High Court allowed the appeal, holding that the 'other income' disclosed and treated as business income must be considered part of income from business for computing book profits. The Court emphasized that the character of income does not change based on the section applied, ruling in favor of the appellant on the substantial question of law regarding the claim under section 40(b) of the Income Tax Act. Case-Laws Income Tax Mon, 12 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354411