https://www.taxtmi.com/caselaws?id=466382 Expenses for live stock and live stock lease rent were held to fall under Income from Other Sources rather than business profits, so the proviso for profit and gains of business did not alter their character; this classification underpinned the analysis of TDS obligations and disallowance claims. The amendment extending disallowance mechanics to Income from Other Sources with effect from a later assessment year was noted as inapplicable to the year under consideration, so sectional change did not affect the outcome. The adjudicator recorded that the assessing officer did not find the expenditures to be not genuine, and the revenue appeal was dismissed. en-us Thu, 03 Oct 2019 00:00:00 +0530 Wed, 04 Feb 2026 19:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466382 Expenses for live stock and live stock lease rent were held to fall under Income from Other Sources rather than business profits, so the proviso for profit and gains of business did not alter their character; this classification underpinned the analysis of TDS obligations and disallowance claims. The amendment extending disallowance mechanics to Income from Other Sources with effect from a later assessment year was noted as inapplicable to the year under consideration, so sectional change did not affect the outcome. The adjudicator recorded that the assessing officer did not find the expenditures to be not genuine, and the revenue appeal was dismissed. Case-Laws Income Tax Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466382