https://www.taxtmi.com/caselaws?id=128147 The High Court of Delhi upheld the decision of the Income-tax Appellate Tribunal, determining that the amount received by the assessee, engaged in real estate development, should be treated as business income rather than income from house property for the assessment year 2001-02. The court agreed with the Tribunal's finding that the agreement between the assessee and the company was a genuine business arrangement requiring active involvement in store management, leading to the dismissal of the revenue's appeal. en-us Wed, 23 Apr 2008 00:00:00 +0530 Fri, 29 Mar 2013 14:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128147 The High Court of Delhi upheld the decision of the Income-tax Appellate Tribunal, determining that the amount received by the assessee, engaged in real estate development, should be treated as business income rather than income from house property for the assessment year 2001-02. The court agreed with the Tribunal's finding that the agreement between the assessee and the company was a genuine business arrangement requiring active involvement in store management, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Wed, 23 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128147