https://www.taxtmi.com/caselaws?id=427557 The appeal was dismissed, affirming the CIT(A)'s decision to treat voluntary donations as business income under section 11(4A) of the Act for the assessment year 2014-15. The absence of the assessee during the hearing led to the decision being based on the available record. The CIT(A) upheld the addition of Rs. 36,35,531/- as business income, determining that the donations were essentially commission for promoting books, not charitable activities. The importance of maintaining separate books of account for business activities was emphasized, and the appeal was rejected on 9th September 2022. en-us Fri, 09 Sep 2022 00:00:00 +0530 Fri, 09 Sep 2022 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427557 The appeal was dismissed, affirming the CIT(A)'s decision to treat voluntary donations as business income under section 11(4A) of the Act for the assessment year 2014-15. The absence of the assessee during the hearing led to the decision being based on the available record. The CIT(A) upheld the addition of Rs. 36,35,531/- as business income, determining that the donations were essentially commission for promoting books, not charitable activities. The importance of maintaining separate books of account for business activities was emphasized, and the appeal was rejected on 9th September 2022. Case-Laws Income Tax Fri, 09 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427557