https://www.taxtmi.com/caselaws?id=327986 The ITAT upheld the classification of rental income from malls as business income and hire charges from fit-outs as income from other sources. It also upheld the disallowance of compounding fees as penalties. The issue of deduction under section 80-IB(10) was remitted to the AO for re-examination. The ITAT disallowed interest expenditure under section 14A but upheld the disallowance of administrative expenditure related to exempt income. The appeal by the revenue was dismissed, and the appeal by the assessee was partly allowed for statistical purposes. en-us Fri, 13 May 2016 00:00:00 +0530 Tue, 24 May 2016 10:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327986 The ITAT upheld the classification of rental income from malls as business income and hire charges from fit-outs as income from other sources. It also upheld the disallowance of compounding fees as penalties. The issue of deduction under section 80-IB(10) was remitted to the AO for re-examination. The ITAT disallowed interest expenditure under section 14A but upheld the disallowance of administrative expenditure related to exempt income. The appeal by the revenue was dismissed, and the appeal by the assessee was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327986