https://www.taxtmi.com/caselaws?id=260204 The Tribunal classified the income earned from letting out commercial spaces, amenities, and maintenance as "Income from Business" rather than "Income from House Property." It emphasized that the activities of the assessee constituted a commercial venture due to the provision of various amenities and maintenance services, distinguishing it from mere property leasing. Additionally, the Tribunal upheld the charging of interest under Sections 234A and 234B of the Income Tax Act, directing a re-computation while allowing the assessee's appeals for the relevant assessment years. en-us Fri, 29 May 2015 00:00:00 +0530 Fri, 05 Jun 2015 13:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260204 The Tribunal classified the income earned from letting out commercial spaces, amenities, and maintenance as "Income from Business" rather than "Income from House Property." It emphasized that the activities of the assessee constituted a commercial venture due to the provision of various amenities and maintenance services, distinguishing it from mere property leasing. Additionally, the Tribunal upheld the charging of interest under Sections 234A and 234B of the Income Tax Act, directing a re-computation while allowing the assessee's appeals for the relevant assessment years. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260204