https://www.taxtmi.com/caselaws?id=207810 The Tribunal held that the rental income from leasing out the poultry complex should be classified as 'income from other sources' due to the lack of substantial evidence showing the assessee's intention to restart the business. Consequently, the Tribunal directed the Assessing Officer to allow necessary expenses under section 57(iii) incurred to earn income from other sources. The revenue's appeal was partly allowed as the Tribunal set aside the Commissioner of Income Tax (Appeals)'s order and directed a re-computation of the assessee's income. en-us Fri, 19 Nov 2010 00:00:00 +0530 Mon, 26 Dec 2011 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207810 The Tribunal held that the rental income from leasing out the poultry complex should be classified as 'income from other sources' due to the lack of substantial evidence showing the assessee's intention to restart the business. Consequently, the Tribunal directed the Assessing Officer to allow necessary expenses under section 57(iii) incurred to earn income from other sources. The revenue's appeal was partly allowed as the Tribunal set aside the Commissioner of Income Tax (Appeals)'s order and directed a re-computation of the assessee's income. Case-Laws Income Tax Fri, 19 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207810