https://www.taxtmi.com/caselaws?id=211239 The High Court allowed the Tax Case Appeals, ruling in favor of the Revenue on all substantial legal questions. The reopening of assessments under Section 147 was upheld as valid, even if based on audit objections. Additionally, the income from letting out property was classified as "income from house property" rather than "business income," based on the nature of the activities involved. en-us Tue, 20 Sep 2011 00:00:00 +0530 Sat, 05 Dec 2015 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211239 The High Court allowed the Tax Case Appeals, ruling in favor of the Revenue on all substantial legal questions. The reopening of assessments under Section 147 was upheld as valid, even if based on audit objections. Additionally, the income from letting out property was classified as "income from house property" rather than "business income," based on the nature of the activities involved. Case-Laws Income Tax Tue, 20 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211239