https://www.taxtmi.com/caselaws?id=326759 The Tribunal ruled in favor of the assessee, determining that the income should be classified under 'Profits and gains of business or profession' rather than 'income from house property'. The Tribunal also directed the Assessing Officer to re-examine the disallowance of expenditure, as it was found to be arbitrarily restricted without proper evidence evaluation. The orders of the AO and CIT(A) were set aside on the expenditure issue, and the appeal was allowed for statistical purposes. en-us Fri, 22 Jan 2016 00:00:00 +0530 Wed, 20 Apr 2016 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326759 The Tribunal ruled in favor of the assessee, determining that the income should be classified under 'Profits and gains of business or profession' rather than 'income from house property'. The Tribunal also directed the Assessing Officer to re-examine the disallowance of expenditure, as it was found to be arbitrarily restricted without proper evidence evaluation. The orders of the AO and CIT(A) were set aside on the expenditure issue, and the appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 22 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326759