https://www.taxtmi.com/caselaws?id=186147 The appellant, a chemical company, sub-leased office premises and earned income. The Assessing Officer classified it as business income, denying standard deduction. The CIT(A) agreed, stating the appellant wasn't the property owner. The appellant argued for rental income under "Income from house property." The Tribunal, citing relevant cases, favored the appellant, emphasizing property ownership isn't crucial for taxing under this head. Consequently, the Tribunal ruled in favor of the assessee, allowing the appeal and overturning lower authorities' decisions. en-us Fri, 04 Sep 2009 00:00:00 +0530 Thu, 08 Sep 2016 15:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186147 The appellant, a chemical company, sub-leased office premises and earned income. The Assessing Officer classified it as business income, denying standard deduction. The CIT(A) agreed, stating the appellant wasn't the property owner. The appellant argued for rental income under "Income from house property." The Tribunal, citing relevant cases, favored the appellant, emphasizing property ownership isn't crucial for taxing under this head. Consequently, the Tribunal ruled in favor of the assessee, allowing the appeal and overturning lower authorities' decisions. Case-Laws Income Tax Fri, 04 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186147