https://www.taxtmi.com/caselaws?id=383242 The court allowed the appeals, setting aside the Tribunal's order and remanding the assessment back to the Assessing Officer for proper computation of deductions under Section 40(b)(iv) for both years post-discontinuance. The court held that the income post-discontinuance is taxable under Section 176(3A) and constitutes business income under Section 28, allowing deductions under Section 40(b). en-us Thu, 20 Jun 2019 00:00:00 +0530 Thu, 18 Jul 2019 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383242 The court allowed the appeals, setting aside the Tribunal's order and remanding the assessment back to the Assessing Officer for proper computation of deductions under Section 40(b)(iv) for both years post-discontinuance. The court held that the income post-discontinuance is taxable under Section 176(3A) and constitutes business income under Section 28, allowing deductions under Section 40(b). Case-Laws Income Tax Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383242