https://www.taxtmi.com/caselaws?id=67864 The ITAT Jaipur upheld the CIT (A) orders for the assessment years 1977-78 and 1979-80. It classified income from a lease as business income, allowed interest paid on borrowings due to business losses, and permitted electricity expenses incurred for business purposes. The Departmental appeals were dismissed for both years. en-us Mon, 07 May 1984 00:00:00 +0530 Tue, 15 Mar 2011 11:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67864 The ITAT Jaipur upheld the CIT (A) orders for the assessment years 1977-78 and 1979-80. It classified income from a lease as business income, allowed interest paid on borrowings due to business losses, and permitted electricity expenses incurred for business purposes. The Departmental appeals were dismissed for both years. Case-Laws Income Tax Mon, 07 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67864