https://www.taxtmi.com/caselaws?id=243225 The Tribunal ruled in favor of the appellant on all issues, allowing the rental income to be treated as business income due to the commercial activities conducted, directing the allowance of municipal taxes paid before the due date, recognizing interest income as business income based on past consistency, and concluding that the levy of interest under sections 234B and 234C was consequential without requiring specific findings. The Tribunal emphasized the significance of maintaining consistency in treating income and expenses in accordance with the appellant's business activities. en-us Mon, 28 Oct 2013 00:00:00 +0530 Tue, 28 Jan 2014 06:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243225 The Tribunal ruled in favor of the appellant on all issues, allowing the rental income to be treated as business income due to the commercial activities conducted, directing the allowance of municipal taxes paid before the due date, recognizing interest income as business income based on past consistency, and concluding that the levy of interest under sections 234B and 234C was consequential without requiring specific findings. The Tribunal emphasized the significance of maintaining consistency in treating income and expenses in accordance with the appellant's business activities. Case-Laws Income Tax Mon, 28 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243225