https://www.taxtmi.com/caselaws?id=75699 The Court dismissed the Revenue's appeals challenging the Income-tax Appellate Tribunal's order on income apportionment for the assessment years 2004-05 and 2005-06. The Tribunal's 60:40 ratio for apportioning income between "Income from house property" and "Income from business or profession" was upheld, rejecting the Revenue's argument for a 90:10 ratio. The Court emphasized the case-specific nature of income apportionment, declined to interfere with the Tribunal's factual findings, and upheld the decision in favor of the assessee, concluding that no substantial legal questions warranted intervention. en-us Thu, 07 Jan 2010 00:00:00 +0530 Tue, 10 May 2011 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75699 The Court dismissed the Revenue's appeals challenging the Income-tax Appellate Tribunal's order on income apportionment for the assessment years 2004-05 and 2005-06. The Tribunal's 60:40 ratio for apportioning income between "Income from house property" and "Income from business or profession" was upheld, rejecting the Revenue's argument for a 90:10 ratio. The Court emphasized the case-specific nature of income apportionment, declined to interfere with the Tribunal's factual findings, and upheld the decision in favor of the assessee, concluding that no substantial legal questions warranted intervention. Case-Laws Income Tax Thu, 07 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75699