https://www.taxtmi.com/caselaws?id=242874 The High Court classified the assessee's rental income as 'Business Income' based on the nature of the assessee's business, upholding the Tribunal's decision. The Court favored the assessee on the applicability of Section 27(iii)(b) and lease terms interpretation, dismissing the department's challenges. The Court also upheld the Tribunal's decision without detailed analysis of a previous judgment, ruling in favor of the assessee and dismissing the department's appeal. en-us Fri, 17 Jan 2014 00:00:00 +0530 Wed, 22 Jan 2014 06:33:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242874 The High Court classified the assessee's rental income as 'Business Income' based on the nature of the assessee's business, upholding the Tribunal's decision. The Court favored the assessee on the applicability of Section 27(iii)(b) and lease terms interpretation, dismissing the department's challenges. The Court also upheld the Tribunal's decision without detailed analysis of a previous judgment, ruling in favor of the assessee and dismissing the department's appeal. Case-Laws Income Tax Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242874