https://www.taxtmi.com/caselaws?id=267818 The Tribunal ruled in favor of the appellant, directing the Assessing Officer to reassess the matter considering the income as business income rather than income from house property. The Tribunal emphasized that income from holding and letting out property for business purposes should be categorized as business income. The expenses claimed by the assessee were allowed in part, and the case was remanded for a fresh assessment based on this legal interpretation. en-us Fri, 14 Aug 2015 00:00:00 +0530 Fri, 16 Sep 2016 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267818 The Tribunal ruled in favor of the appellant, directing the Assessing Officer to reassess the matter considering the income as business income rather than income from house property. The Tribunal emphasized that income from holding and letting out property for business purposes should be categorized as business income. The expenses claimed by the assessee were allowed in part, and the case was remanded for a fresh assessment based on this legal interpretation. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267818