https://www.taxtmi.com/caselaws?id=253999 The ITAT upheld the CIT(A)'s decision and dismissed the assessee's appeal, confirming that income from amenities received by leasing out a building should be classified as income from property, not business income. The ruling was based on previous decisions in the assessee's case and the incidental nature of rental income in letting out the building. The ITAT emphasized the importance of interpreting agreements and following established precedents in determining the nature of income. en-us Fri, 28 Nov 2014 00:00:00 +0530 Wed, 10 Dec 2014 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253999 The ITAT upheld the CIT(A)'s decision and dismissed the assessee's appeal, confirming that income from amenities received by leasing out a building should be classified as income from property, not business income. The ruling was based on previous decisions in the assessee's case and the incidental nature of rental income in letting out the building. The ITAT emphasized the importance of interpreting agreements and following established precedents in determining the nature of income. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253999