I'm trying to prove this result. Could you verify if my attempt is fine?
Let $(X, \tau_X)$ be a topological space and $\mathcal B(X)$ its Borel $\sigma$-algebra generated by $\tau_X$. Let $Y$ be a subset of $X$, $\tau_Y$ the subspace topology on $Y$, and $\mathcal B(Y)$ the Borel $\sigma$-algebra on $Y$ generated by $\tau_Y$. Then $\mathcal B(Y) = \{B \cap Y \mid B \in \mathcal B(X)\}$.
I post my proof separately as below answer. If other people post an answer, of course I will happily accept theirs. Otherwise, this allows me to subsequently remove this question from unanswered list.