https://www.taxtmi.com/caselaws?id=259437 The court ruled in favor of the assessee, treating the rental income as income from house property instead of business income. The judgment emphasized that the concession made before the Tribunal did not bind the assessee and relied on previous judgments interpreting income from unsold flats. The court considered the company's main object, which included letting out property, and distinguished between income from house property and business income based on legal principles. The decision was supported by detailed legal analysis and interpretations. en-us Tue, 15 Jul 2014 00:00:00 +0530 Mon, 11 May 2015 07:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259437 The court ruled in favor of the assessee, treating the rental income as income from house property instead of business income. The judgment emphasized that the concession made before the Tribunal did not bind the assessee and relied on previous judgments interpreting income from unsold flats. The court considered the company's main object, which included letting out property, and distinguished between income from house property and business income based on legal principles. The decision was supported by detailed legal analysis and interpretations. Case-Laws Income Tax Tue, 15 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259437