https://www.taxtmi.com/caselaws?id=202245 The court determined that income received from properties should be classified as 'business income' based on the nature of the activity and commercial aspects of the asset. Emphasizing the importance of factual evidence, the court upheld the lower authorities' classification decisions as reasonable. It was held that the High Court should not intervene unless findings are unsupported by evidence. The appeal was dismissed in favor of the assessee without costs. en-us Fri, 01 May 2009 00:00:00 +0530 Wed, 09 Mar 2016 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202245 The court determined that income received from properties should be classified as 'business income' based on the nature of the activity and commercial aspects of the asset. Emphasizing the importance of factual evidence, the court upheld the lower authorities' classification decisions as reasonable. It was held that the High Court should not intervene unless findings are unsupported by evidence. The appeal was dismissed in favor of the assessee without costs. Case-Laws Income Tax Fri, 01 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202245