https://www.taxtmi.com/caselaws?id=245163 The Tribunal reversed the First Appellate Authority's decision and allowed the appeal filed by the assessee, confirming that the treatment of rental income as business income was debatable. The reporting of income truthfully by the assessee did not amount to inaccurate particulars, leading to the imposition of the penalty being overturned. en-us Fri, 14 Mar 2014 00:00:00 +0530 Fri, 21 Mar 2014 14:41:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245163 The Tribunal reversed the First Appellate Authority's decision and allowed the appeal filed by the assessee, confirming that the treatment of rental income as business income was debatable. The reporting of income truthfully by the assessee did not amount to inaccurate particulars, leading to the imposition of the penalty being overturned. Case-Laws Income Tax Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245163