https://www.taxtmi.com/caselaws?id=398419 The High Court upheld the Tribunal's decisions on all issues, dismissing the appeal filed by the Revenue and ruling in favor of the assessee. The Court determined that income from a software technology park should be assessed as income from business, affirmed eligibility for deduction under Section 80IAB, allowed deduction of expenditure in owning and maintaining the park, and classified income from letting out property in an industrial park/SEZ as business income. The Court's decision aligned with legal principles and precedents, leading to the dismissal of the Revenue's appeal. en-us Wed, 02 Sep 2020 00:00:00 +0530 Mon, 30 Nov 2020 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398419 The High Court upheld the Tribunal's decisions on all issues, dismissing the appeal filed by the Revenue and ruling in favor of the assessee. The Court determined that income from a software technology park should be assessed as income from business, affirmed eligibility for deduction under Section 80IAB, allowed deduction of expenditure in owning and maintaining the park, and classified income from letting out property in an industrial park/SEZ as business income. The Court's decision aligned with legal principles and precedents, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398419