https://www.taxtmi.com/caselaws?id=335702 Disallowance of administrative expenses was reduced because the additional evidence was supported on remand and only limited personal elements were identifiable, making a full ad hoc disallowance unjustified. Receipts from leave and licence of the bakery premises, together with machinery, furniture and other facilities, were treated as an inseparable commercial letting and assessed as income from other sources/business, not house property. Capital gains on relinquishment of tenancy rights were not taxable in the year under appeal because transfer was completed only on actual handing over of possession in the later year. Interest under sections 234B and 234C was upheld as mandatory and consequential. en-us Thu, 01 Dec 2016 00:00:00 +0530 Wed, 07 Dec 2016 18:31:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335702 Disallowance of administrative expenses was reduced because the additional evidence was supported on remand and only limited personal elements were identifiable, making a full ad hoc disallowance unjustified. Receipts from leave and licence of the bakery premises, together with machinery, furniture and other facilities, were treated as an inseparable commercial letting and assessed as income from other sources/business, not house property. Capital gains on relinquishment of tenancy rights were not taxable in the year under appeal because transfer was completed only on actual handing over of possession in the later year. Interest under sections 234B and 234C was upheld as mandatory and consequential. Case-Laws Income Tax Thu, 01 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335702