https://www.taxtmi.com/caselaws?id=120943 The appeal filed by the appellant was partly allowed. The Tribunal upheld the validity of the notice issued under section 148 of the Income Tax Act. The income in question was classified as "income from house property" rather than "business income," based on the appellant's intention to earn income through letting out the property. The appellant's expenses were allowed to be apportioned between property income and service charges, with 60% treated as rent and 40% as service charges, allowing deductions accordingly. en-us Thu, 04 Oct 2007 00:00:00 +0530 Wed, 25 Jul 2012 15:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120943 The appeal filed by the appellant was partly allowed. The Tribunal upheld the validity of the notice issued under section 148 of the Income Tax Act. The income in question was classified as "income from house property" rather than "business income," based on the appellant's intention to earn income through letting out the property. The appellant's expenses were allowed to be apportioned between property income and service charges, with 60% treated as rent and 40% as service charges, allowing deductions accordingly. Case-Laws Income Tax Thu, 04 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120943