https://www.taxtmi.com/caselaws?id=62400 The Revenue's appeal against the cancellation of firm registration was dismissed by the Tribunal. The Tribunal upheld the registration, emphasizing that the firm was engaged in business activities related to land hiring and construction, resulting in business income. The Tribunal found the income to be from business activities as per the partnership deed, rejecting the Revenue's argument that it should be classified as property income. The decision underscored the significance of correctly categorizing income and upheld the firm's registration based on its genuine business operations. en-us Mon, 29 Sep 1975 00:00:00 +0530 Wed, 19 Jan 2011 17:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62400 The Revenue's appeal against the cancellation of firm registration was dismissed by the Tribunal. The Tribunal upheld the registration, emphasizing that the firm was engaged in business activities related to land hiring and construction, resulting in business income. The Tribunal found the income to be from business activities as per the partnership deed, rejecting the Revenue's argument that it should be classified as property income. The decision underscored the significance of correctly categorizing income and upheld the firm's registration based on its genuine business operations. Case-Laws Income Tax Mon, 29 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62400