https://www.taxtmi.com/caselaws?id=180740 The Tribunal ruled in favor of the appellant, setting aside the Commissioner (Appeals)'s order. It held that Business Centre Income should be treated as Business Income, not Income From House Property. Consequently, all expenses were allowed, including the deduction under section 80IA(4)(iii). The Tribunal also clarified that interest earned on deposits should not be added as Income From House Property. Overall, the Tribunal allowed all grounds raised by the assessee, determining that the income should be assessed under the head "Income From Business & Profession." en-us Wed, 08 Aug 2012 00:00:00 +0530 Mon, 28 Aug 2017 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180740 The Tribunal ruled in favor of the appellant, setting aside the Commissioner (Appeals)'s order. It held that Business Centre Income should be treated as Business Income, not Income From House Property. Consequently, all expenses were allowed, including the deduction under section 80IA(4)(iii). The Tribunal also clarified that interest earned on deposits should not be added as Income From House Property. Overall, the Tribunal allowed all grounds raised by the assessee, determining that the income should be assessed under the head "Income From Business & Profession." Case-Laws Income Tax Wed, 08 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180740