https://www.taxtmi.com/caselaws?id=181630 The tribunal classified the income received from letting out a terrace for mobile towers as "income from house property" rather than "income from other sources," overturning the CIT(A)'s decision. The deduction of maintenance charges while computing income from house property was referred back to the AO for re-examination. The tribunal upheld the classification of income from share transactions as short-term capital gain or business income based on specific criteria, affirming the CIT(A)'s decision with clarifications. The appeal was partly allowed, with the tribunal issuing its order on 20.04.2011. en-us Wed, 20 Apr 2011 00:00:00 +0530 Mon, 21 Aug 2023 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181630 The tribunal classified the income received from letting out a terrace for mobile towers as "income from house property" rather than "income from other sources," overturning the CIT(A)'s decision. The deduction of maintenance charges while computing income from house property was referred back to the AO for re-examination. The tribunal upheld the classification of income from share transactions as short-term capital gain or business income based on specific criteria, affirming the CIT(A)'s decision with clarifications. The appeal was partly allowed, with the tribunal issuing its order on 20.04.2011. Case-Laws Income Tax Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181630