https://www.taxtmi.com/caselaws?id=203967 The Tribunal partially allowed the appeal by directing the AO to accept the project completion method for assessing income from real estate projects. It determined that rental income from Forum Mall should be considered business income due to commercial exploitation. The hire charges for fit outs were classified as income from other sources for consistency. However, the disallowance of the compounding fee paid to Bangalore Mahanagar Palika was upheld. en-us Fri, 11 Sep 2009 00:00:00 +0530 Thu, 30 Jun 2016 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203967 The Tribunal partially allowed the appeal by directing the AO to accept the project completion method for assessing income from real estate projects. It determined that rental income from Forum Mall should be considered business income due to commercial exploitation. The hire charges for fit outs were classified as income from other sources for consistency. However, the disallowance of the compounding fee paid to Bangalore Mahanagar Palika was upheld. Case-Laws Income Tax Fri, 11 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203967