https://www.taxtmi.com/caselaws?id=469483 Income computed by applying an 8% profit rate to receipts from passenger bus operations was linked to the assessee's business activity, and there was no dispute about the nature of that activity. On that factual basis, the resultant income could not be assessed under the head income from other sources, and section 115BBE had no application. The income was therefore assessable as business income. en-us Fri, 07 Mar 2025 00:00:00 +0530 Thu, 18 Jun 2026 18:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469483 Income computed by applying an 8% profit rate to receipts from passenger bus operations was linked to the assessee's business activity, and there was no dispute about the nature of that activity. On that factual basis, the resultant income could not be assessed under the head income from other sources, and section 115BBE had no application. The income was therefore assessable as business income. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469483