https://www.taxtmi.com/caselaws?id=272132 The Tribunal allowed the appeal of the assessee company, ordering the deletion of the disallowance of business expenditure of Rs. 77,71,800. The Tribunal upheld the deletion of notional rental income of Rs. 50,10,563, stating it couldn't be taxed as actual rental income. Additionally, the Tribunal confirmed the deletion of rental income from sub-letting of Rs. 1,54,41,265, as it had already been taxed in the hands of the sub-lessee. The cross-objection filed by the assessee was dismissed as the Revenue's appeal was also dismissed. en-us Thu, 04 Feb 2016 00:00:00 +0530 Sat, 27 Feb 2016 09:11:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272132 The Tribunal allowed the appeal of the assessee company, ordering the deletion of the disallowance of business expenditure of Rs. 77,71,800. The Tribunal upheld the deletion of notional rental income of Rs. 50,10,563, stating it couldn't be taxed as actual rental income. Additionally, the Tribunal confirmed the deletion of rental income from sub-letting of Rs. 1,54,41,265, as it had already been taxed in the hands of the sub-lessee. The cross-objection filed by the assessee was dismissed as the Revenue's appeal was also dismissed. Case-Laws Income Tax Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272132