https://www.taxtmi.com/highlights?id=58000 Treating additional income earned on sale of shops as income u/s.69A - whether undisclosed income is “business income” or “income from other sources” - As per the assessee, the amount is net of expenses, therefore the said income would be assessable under the head business income without deducting any expenses from it, however, as noted by us above, that assessee has claimed proportionate expenses, which is not acceptable. - AT en-us Mon, 17 May 2021 12:50:15 +0530 Mon, 17 May 2021 12:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58000 Treating additional income earned on sale of shops as income u/s.69A - whether undisclosed income is “business income” or “income from other sources” - As per the assessee, the amount is net of expenses, therefore the said income would be assessable under the head business income without deducting any expenses from it, however, as noted by us above, that assessee has claimed proportionate expenses, which is not acceptable. - AT Highlights Income Tax Mon, 17 May 2021 12:50:15 +0530 https://www.taxtmi.com/highlights?id=58000