https://www.taxtmi.com/caselaws?id=402703 The Tribunal dismissed the appeal challenging the reduction in claim under section 10B of the Income-tax Act, 1961, due to pending assessment and search action. Regarding the eligibility of miscellaneous and interest income for deduction under section 10B, the Tribunal directed the Assessing Officer to verify the sources of income for the relevant assessment years and decide accordingly. Procedural grounds related to the addition, alteration, or deletion of grounds were dismissed as general and infructuous. The Tribunal partly allowed the appeals for statistical purposes, emphasizing the need for a fresh decision based on verified information. en-us Fri, 08 Jan 2021 00:00:00 +0530 Sat, 30 Jan 2021 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402703 The Tribunal dismissed the appeal challenging the reduction in claim under section 10B of the Income-tax Act, 1961, due to pending assessment and search action. Regarding the eligibility of miscellaneous and interest income for deduction under section 10B, the Tribunal directed the Assessing Officer to verify the sources of income for the relevant assessment years and decide accordingly. Procedural grounds related to the addition, alteration, or deletion of grounds were dismissed as general and infructuous. The Tribunal partly allowed the appeals for statistical purposes, emphasizing the need for a fresh decision based on verified information. Case-Laws Income Tax Fri, 08 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402703