https://www.taxtmi.com/caselaws?id=65652 The Tribunal classified income from storage charges as "income from business or profession" rather than "income from house property" or "income from other sources." Interest payable to M/s Debidutt Poddar & Sons was allowed as a deduction in line with the business income classification. Notional income from house property was deleted for the assessment year 1993-94. Advertisement expenses in the Rotary Club Souvenir were allowed as a business deduction. The appeals for the respective assessment years were either allowed or dismissed, with directions for fresh assessments and verification of allowable expenses. en-us Mon, 29 Jul 2002 00:00:00 +0530 Fri, 18 Feb 2011 11:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65652 The Tribunal classified income from storage charges as "income from business or profession" rather than "income from house property" or "income from other sources." Interest payable to M/s Debidutt Poddar & Sons was allowed as a deduction in line with the business income classification. Notional income from house property was deleted for the assessment year 1993-94. Advertisement expenses in the Rotary Club Souvenir were allowed as a business deduction. The appeals for the respective assessment years were either allowed or dismissed, with directions for fresh assessments and verification of allowable expenses. Case-Laws Income Tax Mon, 29 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65652