https://www.taxtmi.com/caselaws?id=210534 The Tribunal dismissed the revenue's appeal and upheld the CIT(A)'s decision to classify lease rental income as "business income," allowing related deductions. The revenue's appeal was found timely, and the reassessment was deemed valid based on tangible information. However, interest income from surplus funds was classified as "income from other sources." The Tribunal rejected the revenue's appeals and upheld the CIT(A)'s classification of income, timeliness of appeal, and validity of reassessment. en-us Wed, 30 Nov 2011 00:00:00 +0530 Thu, 21 Apr 2016 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210534 The Tribunal dismissed the revenue's appeal and upheld the CIT(A)'s decision to classify lease rental income as "business income," allowing related deductions. The revenue's appeal was found timely, and the reassessment was deemed valid based on tangible information. However, interest income from surplus funds was classified as "income from other sources." The Tribunal rejected the revenue's appeals and upheld the CIT(A)'s classification of income, timeliness of appeal, and validity of reassessment. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210534