https://www.taxtmi.com/caselaws?id=188330 The Tribunal classified the income from "Leave & License fees and Maintenance & Amenities charges" as "Income from business," allowing related expenses and depreciation claims. The Tribunal overturned the CIT(A)'s decision to treat the income as "Income from other sources," permitting the assessee to deduct personnel expenditures and claim depreciation on assets. The Tribunal's ruling aligned with the systematic and organized nature of the assessee's leasing activities, following the precedent set in *Chennai Properties and Investment Ltd. vs. CIT*. en-us Wed, 17 Jun 2015 00:00:00 +0530 Fri, 25 Nov 2016 18:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188330 The Tribunal classified the income from "Leave & License fees and Maintenance & Amenities charges" as "Income from business," allowing related expenses and depreciation claims. The Tribunal overturned the CIT(A)'s decision to treat the income as "Income from other sources," permitting the assessee to deduct personnel expenditures and claim depreciation on assets. The Tribunal's ruling aligned with the systematic and organized nature of the assessee's leasing activities, following the precedent set in *Chennai Properties and Investment Ltd. vs. CIT*. Case-Laws Income Tax Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188330