https://www.taxtmi.com/caselaws?id=338117 The Tribunal classified the property lease income as 'profits and gains from business' rather than 'income from house property', following previous decisions and directed the Assessing Officer to treat it as such for both assessment years. Additionally, deductions for municipal taxes, depreciation on the Mall building, brokerage expenses, and disallowance under Section 14A were allowed, resulting in a favorable outcome for the assessee for both A.Y. 2010-11 and A.Y. 2011-12. en-us Fri, 20 Jan 2017 00:00:00 +0530 Wed, 22 Feb 2017 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338117 The Tribunal classified the property lease income as 'profits and gains from business' rather than 'income from house property', following previous decisions and directed the Assessing Officer to treat it as such for both assessment years. Additionally, deductions for municipal taxes, depreciation on the Mall building, brokerage expenses, and disallowance under Section 14A were allowed, resulting in a favorable outcome for the assessee for both A.Y. 2010-11 and A.Y. 2011-12. Case-Laws Income Tax Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338117