https://www.taxtmi.com/caselaws?id=180728 The tribunal held that the income earned from an I.T. Park should be classified as business income rather than rental income due to the assessee's primary intention to engage in complex commercial activities. Consequently, the tribunal directed the Assessing Officer to allow claimed expenses and deductions under section 80IA(4)(iii). Additionally, the tribunal deemed the notional interest on deposits irrelevant for determining annual letting value and set aside the Commissioner (Appeals) decision. Ultimately, the tribunal allowed the assessee's appeal, providing relief on all grounds raised. en-us Fri, 12 Aug 2011 00:00:00 +0530 Thu, 26 Oct 2017 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180728 The tribunal held that the income earned from an I.T. Park should be classified as business income rather than rental income due to the assessee's primary intention to engage in complex commercial activities. Consequently, the tribunal directed the Assessing Officer to allow claimed expenses and deductions under section 80IA(4)(iii). Additionally, the tribunal deemed the notional interest on deposits irrelevant for determining annual letting value and set aside the Commissioner (Appeals) decision. Ultimately, the tribunal allowed the assessee's appeal, providing relief on all grounds raised. Case-Laws Income Tax Fri, 12 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180728