https://www.taxtmi.com/caselaws?id=383717 The ITAT Indore Bench upheld the CIT(A)'s decision, allowing deductions claimed by the assessee against surrendered income. The Tribunal determined the surrendered income as business income, permitting related business expenses deductions. It was held that Section 115BBE restrictions did not apply for the assessment year 2012-13. The revenue's appeal was dismissed, and the decision was pronounced on July 26, 2019. en-us Fri, 26 Jul 2019 00:00:00 +0530 Tue, 30 Jul 2019 06:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383717 The ITAT Indore Bench upheld the CIT(A)'s decision, allowing deductions claimed by the assessee against surrendered income. The Tribunal determined the surrendered income as business income, permitting related business expenses deductions. It was held that Section 115BBE restrictions did not apply for the assessment year 2012-13. The revenue's appeal was dismissed, and the decision was pronounced on July 26, 2019. Case-Laws Income Tax Fri, 26 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383717