https://www.taxtmi.com/caselaws?id=178804 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals and allowed the Assessee's Cross Objections, confirming the assessment of income as business income rather than income from house property. The ITAT upheld the CIT(A)'s decision, emphasizing the commercial exploitation of property by the appellant and considering the primary intention of the assessee in their activities. The ITAT referred to precedent and joint business agreements, ultimately ruling in favor of treating the income as business income. en-us Fri, 21 Sep 2012 00:00:00 +0530 Thu, 07 Apr 2016 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178804 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals and allowed the Assessee's Cross Objections, confirming the assessment of income as business income rather than income from house property. The ITAT upheld the CIT(A)'s decision, emphasizing the commercial exploitation of property by the appellant and considering the primary intention of the assessee in their activities. The ITAT referred to precedent and joint business agreements, ultimately ruling in favor of treating the income as business income. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178804