https://www.taxtmi.com/caselaws?id=330819 The ITAT ruled in favor of the assessee, determining that the rental income from letting out business assets should be classified as business income, not income from house property. The decision was based on the interpretation of applicable case laws and the specific facts of the case, leading to the allowance of the appeal. en-us Mon, 27 Jun 2016 00:00:00 +0530 Wed, 03 Aug 2016 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330819 The ITAT ruled in favor of the assessee, determining that the rental income from letting out business assets should be classified as business income, not income from house property. The decision was based on the interpretation of applicable case laws and the specific facts of the case, leading to the allowance of the appeal. Case-Laws Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330819