https://www.taxtmi.com/caselaws?id=440339 The Tribunal allowed the appellant's appeal against the Commissioner of Income Tax (Appeals) order for the assessment year 2019-20. The Tribunal held that the excess cash should be taxed as "business income" and not under "other sources," as explained by the appellant. The Assessing Officer was directed not to tax the excess cash under section 115BBE of the Income Tax Act, 1961. Consequently, the appeal was granted in favor of the assessee. The judgment was pronounced on July 12, 2023. en-us Wed, 12 Jul 2023 00:00:00 +0530 Fri, 14 Jul 2023 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440339 The Tribunal allowed the appellant's appeal against the Commissioner of Income Tax (Appeals) order for the assessment year 2019-20. The Tribunal held that the excess cash should be taxed as "business income" and not under "other sources," as explained by the appellant. The Assessing Officer was directed not to tax the excess cash under section 115BBE of the Income Tax Act, 1961. Consequently, the appeal was granted in favor of the assessee. The judgment was pronounced on July 12, 2023. Case-Laws Income Tax Wed, 12 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440339