https://www.taxtmi.com/caselaws?id=183039 The Tribunal upheld the CIT(A)'s order, ruling that rental receipts of an assessee-company should be treated as business income rather than property income. Emphasizing the principle of consistency in income-tax proceedings, the Tribunal found the AO's departure from the consistent treatment lacked justification, referencing prior decisions and highlighting the absence of new material facts. The Tribunal dismissed the Revenue's appeal, underscoring the significance of maintaining consistency in tax assessments unless substantial changes in circumstances warrant otherwise. en-us Tue, 07 Sep 2010 00:00:00 +0530 Thu, 26 May 2016 17:20:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183039 The Tribunal upheld the CIT(A)'s order, ruling that rental receipts of an assessee-company should be treated as business income rather than property income. Emphasizing the principle of consistency in income-tax proceedings, the Tribunal found the AO's departure from the consistent treatment lacked justification, referencing prior decisions and highlighting the absence of new material facts. The Tribunal dismissed the Revenue's appeal, underscoring the significance of maintaining consistency in tax assessments unless substantial changes in circumstances warrant otherwise. Case-Laws Income Tax Tue, 07 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183039