https://www.taxtmi.com/highlights?id=62581 Disallowance of Incubation Expenses - The two streams of income were shown as ‘other income’ and therefore, the same were non-operational income - As per statutory mandate, the expenditure expanded by the assessee to earn such an income would be an allowable deduction u/s 57(iii). - AT en-us Thu, 24 Mar 2022 15:37:55 +0530 Thu, 24 Mar 2022 15:37:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62581 Disallowance of Incubation Expenses - The two streams of income were shown as ‘other income’ and therefore, the same were non-operational income - As per statutory mandate, the expenditure expanded by the assessee to earn such an income would be an allowable deduction u/s 57(iii). - AT Highlights Income Tax Thu, 24 Mar 2022 15:37:55 +0530 https://www.taxtmi.com/highlights?id=62581