https://www.taxtmi.com/caselaws?id=273372 The Income Tax Appellate Tribunal (ITAT) partially allowed the Revenue's appeal, upholding the Commissioner of Income Tax's (C.I.T.) directions regarding the treatment of business loss, interest income, disallowance under section 14A, and classification of specific receipts as business income. The ITAT emphasized the temporary nature of the business lull and the utilization of commercial assets for income generation, supporting the decisions with relevant case laws. en-us Fri, 19 Mar 2010 00:00:00 +0530 Thu, 21 Jun 2018 18:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273372 The Income Tax Appellate Tribunal (ITAT) partially allowed the Revenue's appeal, upholding the Commissioner of Income Tax's (C.I.T.) directions regarding the treatment of business loss, interest income, disallowance under section 14A, and classification of specific receipts as business income. The ITAT emphasized the temporary nature of the business lull and the utilization of commercial assets for income generation, supporting the decisions with relevant case laws. Case-Laws Income Tax Fri, 19 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273372