https://www.taxtmi.com/caselaws?id=306602 The Karnataka High Court allowed the appeal, ruling in favor of the assessee and against the revenue. The Court held that interest and insurance claim should be included as income from the business under Section 10B of the Income Tax Act, emphasizing the inclusive nature of profits derived from the business of the undertaking. The judgment clarified the treatment of various sources of income related to the business, ensuring consistency in applying the provisions of Section 10B. en-us Mon, 25 Aug 2014 00:00:00 +0530 Mon, 13 Feb 2023 09:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306602 The Karnataka High Court allowed the appeal, ruling in favor of the assessee and against the revenue. The Court held that interest and insurance claim should be included as income from the business under Section 10B of the Income Tax Act, emphasizing the inclusive nature of profits derived from the business of the undertaking. The judgment clarified the treatment of various sources of income related to the business, ensuring consistency in applying the provisions of Section 10B. Case-Laws Income Tax Mon, 25 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306602