https://www.taxtmi.com/caselaws?id=206900 The Tribunal upheld the classification of income from letting out property as "income from house property" and interest income as "income from other sources." Reassessment proceedings were deemed valid, and the issue of compensation and other expenses was remanded for fresh consideration. Commission income was classified as "income from other sources," while profit from construction projects was not taxed due to ongoing litigation. Consequential interest and penalty proceedings were subject to final tax liability determination. Appeals were partly allowed for statistical purposes, with certain issues remanded for reconsideration. en-us Fri, 15 Oct 2010 00:00:00 +0530 Wed, 12 Oct 2011 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206900 The Tribunal upheld the classification of income from letting out property as "income from house property" and interest income as "income from other sources." Reassessment proceedings were deemed valid, and the issue of compensation and other expenses was remanded for fresh consideration. Commission income was classified as "income from other sources," while profit from construction projects was not taxed due to ongoing litigation. Consequential interest and penalty proceedings were subject to final tax liability determination. Appeals were partly allowed for statistical purposes, with certain issues remanded for reconsideration. Case-Laws Income Tax Fri, 15 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206900