https://www.taxtmi.com/caselaws?id=243574 The Tribunal categorized hire charges on a commercial complex as 'business income' due to the services provided being linked to the letting of the building, constituting a case of composite letting. Operating expenses and depreciation claims were deemed maintainable for verification by the Assessing Officer. Regarding the recomputation of disallowance under section 14A, the CIT(A) directed the A.O. to re-compute based on a reasonable basis, considering both direct and indirect expenditure. The Tribunal upheld the CIT(A)'s decision, partly allowing the assessee's appeal and dismissing the Revenue's appeal on January 31, 2014. en-us Fri, 31 Jan 2014 00:00:00 +0530 Wed, 05 Feb 2014 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243574 The Tribunal categorized hire charges on a commercial complex as 'business income' due to the services provided being linked to the letting of the building, constituting a case of composite letting. Operating expenses and depreciation claims were deemed maintainable for verification by the Assessing Officer. Regarding the recomputation of disallowance under section 14A, the CIT(A) directed the A.O. to re-compute based on a reasonable basis, considering both direct and indirect expenditure. The Tribunal upheld the CIT(A)'s decision, partly allowing the assessee's appeal and dismissing the Revenue's appeal on January 31, 2014. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243574