https://www.taxtmi.com/caselaws?id=203119 The High Court determined that the lease rent received from a school building, including a playground, should be classified as business income. The Court found that the Tribunal erred in not considering relevant legal precedents, leading to a remand for a fresh decision. Emphasizing the importance of applying Supreme Court decisions, the Court highlighted the need for the Tribunal to base its decisions on legal tests provided by the Supreme Court. As a result, the case was remanded to the Tribunal for reconsideration in accordance with the Supreme Court's guidance. en-us Thu, 25 Jun 2009 00:00:00 +0530 Fri, 21 Dec 2012 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203119 The High Court determined that the lease rent received from a school building, including a playground, should be classified as business income. The Court found that the Tribunal erred in not considering relevant legal precedents, leading to a remand for a fresh decision. Emphasizing the importance of applying Supreme Court decisions, the Court highlighted the need for the Tribunal to base its decisions on legal tests provided by the Supreme Court. As a result, the case was remanded to the Tribunal for reconsideration in accordance with the Supreme Court's guidance. Case-Laws Income Tax Thu, 25 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203119