The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that excess share of profit claimed can’t be treated as ‘Income from other sources’. The assessee filed an original returndeclaring total income at Rs.9,66,360/-, which was revised on 31-07-2016 with total income at Rs.11,66,360/- in which the assessee claimed exempt income of his…
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