https://www.taxtmi.com/caselaws?id=65593 The Tribunal determined that the assessee was a lessee, not the owner of the "Katwaria Sarai" property. The rental income was classified as "business income" or "income from other sources," not "Income from house property," disallowing deductions under sections 24(1)(i) and 24(1)(iv). The CIT's order under section 263 was upheld for the assessment year 1997-98. Reassessment for 1996-97 was deemed invalid, but valid for 1999-2000 due to new material. The revenue's appeals were allowed, dismissing the assessee's appeal and disallowing deductions for certain assessment years. en-us Mon, 23 Jun 2008 00:00:00 +0530 Wed, 16 Feb 2011 17:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65593 The Tribunal determined that the assessee was a lessee, not the owner of the "Katwaria Sarai" property. The rental income was classified as "business income" or "income from other sources," not "Income from house property," disallowing deductions under sections 24(1)(i) and 24(1)(iv). The CIT's order under section 263 was upheld for the assessment year 1997-98. Reassessment for 1996-97 was deemed invalid, but valid for 1999-2000 due to new material. The revenue's appeals were allowed, dismissing the assessee's appeal and disallowing deductions for certain assessment years. Case-Laws Income Tax Mon, 23 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65593