https://www.taxtmi.com/caselaws?id=204015 The Tribunal allowed the Revenue's appeals, reversing the CIT(A)'s decisions and restoring the assessing officer's original determinations on all grounds. The classification of income from lease rentals towards amenities and furniture was held to be chargeable under the head 'income from house property.' The consideration for capital gains purposes was determined based on the consideration received in lieu of the land relinquished. The head of income classification for rental income and hire charges was split into 'income from house property' and 'income from other sources.' en-us Fri, 30 Apr 2010 00:00:00 +0530 Mon, 25 Jul 2016 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204015 The Tribunal allowed the Revenue's appeals, reversing the CIT(A)'s decisions and restoring the assessing officer's original determinations on all grounds. The classification of income from lease rentals towards amenities and furniture was held to be chargeable under the head 'income from house property.' The consideration for capital gains purposes was determined based on the consideration received in lieu of the land relinquished. The head of income classification for rental income and hire charges was split into 'income from house property' and 'income from other sources.' Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204015