DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD vs. NSL RENEWABLE POWER PRIVATE LIMITED, HYDERABAD

In the result, the appeals of the revenue are partly allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

house property”, “Capital gains”, “Income from other sources”, etc. 17. Thus, in order to avail the benefit of the decision, the assessee is required to fulfil the primary condition that there is otherwise taxable income under the head “Profits and gains of business or profession”. Once such condition is fulfilled, then the assessee can claim the entire amount of income