https://www.taxtmi.com/caselaws?id=431174 The Tribunal allowed the appeal by the assessee, holding that the rental income derived from various sources was directly connected to the cargo business and eligible for deduction under Section 80IA of the Income Tax Act. The addition made by the Assessing Officer was deleted, emphasizing the importance of a direct and proximate connection between the business and the income earned, in line with Supreme Court principles. en-us Mon, 05 Dec 2022 00:00:00 +0530 Thu, 09 Mar 2023 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431174 The Tribunal allowed the appeal by the assessee, holding that the rental income derived from various sources was directly connected to the cargo business and eligible for deduction under Section 80IA of the Income Tax Act. The addition made by the Assessing Officer was deleted, emphasizing the importance of a direct and proximate connection between the business and the income earned, in line with Supreme Court principles. Case-Laws Income Tax Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431174