https://www.taxtmi.com/caselaws?id=20254 The court ruled in favor of the Revenue, overturning the Tribunal's decision to delete the Rs. 9,000 addition derived from leased premises. The court emphasized the applicability of Section 28(iv) of the Income-tax Act, stating that benefits arising from business activities are taxable. The court highlighted the direct nexus between the firm's business and the benefit received by the partner, ultimately concluding that the Rs. 9,000 addition was justified and should be included in the partner's income. en-us Tue, 14 Sep 1993 00:00:00 +0530 Thu, 12 Nov 2009 17:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20254 The court ruled in favor of the Revenue, overturning the Tribunal's decision to delete the Rs. 9,000 addition derived from leased premises. The court emphasized the applicability of Section 28(iv) of the Income-tax Act, stating that benefits arising from business activities are taxable. The court highlighted the direct nexus between the firm's business and the benefit received by the partner, ultimately concluding that the Rs. 9,000 addition was justified and should be included in the partner's income. Case-Laws Income Tax Tue, 14 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20254