https://www.taxtmi.com/caselaws?id=28283 Relief under section 80-I extends to balancing charges assessed as business income under section 41(2) and to scrap-sale receipts. Although section 41(2) creates a legal fiction, the balancing charge forms part of business income and must be included when computing the special deduction. The expression "attributable to" has broad scope, covering income connected with the specified business beyond receipts generated through its direct operational activities. Consequently, profits assessable under section 41(2) and receipts from sale of scrap qualify for section 80-I relief. en-us Mon, 17 Jan 1983 00:00:00 +0530 Sat, 20 Feb 2010 11:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28283 Relief under section 80-I extends to balancing charges assessed as business income under section 41(2) and to scrap-sale receipts. Although section 41(2) creates a legal fiction, the balancing charge forms part of business income and must be included when computing the special deduction. The expression "attributable to" has broad scope, covering income connected with the specified business beyond receipts generated through its direct operational activities. Consequently, profits assessable under section 41(2) and receipts from sale of scrap qualify for section 80-I relief. Case-Laws Income Tax Mon, 17 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28283