https://www.taxtmi.com/caselaws?id=429802 The Tribunal upheld the CIT(A)'s decision, allowing the deduction of Rs. 3,13,38,250 under Section 80IA for the assessee and sustaining the addition of Rs. 23,97,310 as other income. The Tribunal found the assessee eligible for the deduction as a developer of infrastructure facilities, distinguishing the case from previous decisions. The other income was rightly taxed under "Income from Other Sources" as it was not related to eligible business activities. Both the assessee and revenue appeals were dismissed. en-us Fri, 02 Sep 2022 00:00:00 +0530 Fri, 04 Nov 2022 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429802 The Tribunal upheld the CIT(A)'s decision, allowing the deduction of Rs. 3,13,38,250 under Section 80IA for the assessee and sustaining the addition of Rs. 23,97,310 as other income. The Tribunal found the assessee eligible for the deduction as a developer of infrastructure facilities, distinguishing the case from previous decisions. The other income was rightly taxed under "Income from Other Sources" as it was not related to eligible business activities. Both the assessee and revenue appeals were dismissed. Case-Laws Income Tax Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429802