https://www.taxtmi.com/caselaws?id=257775 The Madras High Court upheld the Income Tax Appellate Tribunal's decision to classify income from godowns/warehouses as 'Business Income' rather than income from house property. Relying on precedents and emphasizing the absence of a landlord-tenant relationship due to the assessee's retention of possession, the Court dismissed the Revenue's appeal. The judgment reiterated the importance of factual findings and consistency with previous decisions, providing clarity on the classification of such income for tax purposes. en-us Tue, 24 Feb 2015 00:00:00 +0530 Mon, 23 Mar 2015 06:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257775 The Madras High Court upheld the Income Tax Appellate Tribunal's decision to classify income from godowns/warehouses as 'Business Income' rather than income from house property. Relying on precedents and emphasizing the absence of a landlord-tenant relationship due to the assessee's retention of possession, the Court dismissed the Revenue's appeal. The judgment reiterated the importance of factual findings and consistency with previous decisions, providing clarity on the classification of such income for tax purposes. Case-Laws Income Tax Tue, 24 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257775