Assessee can claim business expenses for infrastructure services and equipment hire; entitled to deductions under IT Act Section 24(a).

Assessee can claim business expenses for infrastructure services and equipment hire; entitled to deductions under IT Act Section 24(a). https://www.taxtmi.com/highlights?id=60926 Correct head of income - income from infrastructure support services - the action of the authorities below not to permit the assessee to arrange their business in the way which is beneficial to them, within the permissible limits of law, is impermissible. Then it goes without saying that the assessee is entitled to claim the business expenses in respect of the income from the services provided and hiring of equipment, and statutory deductions under section 24 (a) of the Act insofar as the income from the house property is concerned. - AT en-us Tue, 14 Dec 2021 10:46:44 +0530 Tue, 14 Dec 2021 10:46:44 +0530 TaxTMI RSS Generator Assessee can claim business expenses for infrastructure services and equipment hire; entitled to deductions under IT Act Section 24(a). https://www.taxtmi.com/highlights?id=60926 Correct head of income - income from infrastructure support services - the action of the authorities below not to permit the assessee to arrange their business in the way which is beneficial to them, within the permissible limits of law, is impermissible. Then it goes without saying that the assessee is entitled to claim the business expenses in respect of the income from the services provided and hiring of equipment, and statutory deductions under section 24 (a) of the Act insofar as the income from the house property is concerned. - AT Highlights Income Tax Tue, 14 Dec 2021 10:46:44 +0530 https://www.taxtmi.com/highlights?id=60926