https://www.taxtmi.com/caselaws?id=281352 The Tribunal upheld treating hiring receipts as 'income from business' based on separate agreements. Disallowances related to various charges were partially deleted, with directions to verify specific expenses. Interest paid disallowance was deleted after verifying allocation. Salary and staff welfare disallowance was deleted. A loan was treated as a firm liability. Addition on construction cost difference was deleted. Depreciation allowance was adjusted. For AY 2009-10, issues mirrored AY 2008-09, partly allowing revenue's grounds. For AY 2010-11, some grounds were dismissed, and re-verification was directed for others. Overall, appeals for the assessed years were partly allowed with specific directions. en-us Fri, 04 May 2018 00:00:00 +0530 Sat, 15 Jun 2019 07:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281352 The Tribunal upheld treating hiring receipts as 'income from business' based on separate agreements. Disallowances related to various charges were partially deleted, with directions to verify specific expenses. Interest paid disallowance was deleted after verifying allocation. Salary and staff welfare disallowance was deleted. A loan was treated as a firm liability. Addition on construction cost difference was deleted. Depreciation allowance was adjusted. For AY 2009-10, issues mirrored AY 2008-09, partly allowing revenue's grounds. For AY 2010-11, some grounds were dismissed, and re-verification was directed for others. Overall, appeals for the assessed years were partly allowed with specific directions. Case-Laws Income Tax Fri, 04 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281352