https://www.taxtmi.com/caselaws?id=192442 The Tribunal partially allowed the appeals for statistical purposes, remanding the issues of disallowance under section 14 and application of Section 115JB back to the Assessing Officer for fresh consideration without applying Rule 8D. Regarding the treatment of rental income as income from house property instead of business income, the Tribunal upheld the lower authorities' decision, dismissing the assessee's claim and confirming the CIT(A)'s findings based on the Supreme Court ruling in Shambhu Investment P. Ltd. v. CIT. en-us Wed, 17 Oct 2012 00:00:00 +0530 Mon, 28 Aug 2023 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192442 The Tribunal partially allowed the appeals for statistical purposes, remanding the issues of disallowance under section 14 and application of Section 115JB back to the Assessing Officer for fresh consideration without applying Rule 8D. Regarding the treatment of rental income as income from house property instead of business income, the Tribunal upheld the lower authorities' decision, dismissing the assessee's claim and confirming the CIT(A)'s findings based on the Supreme Court ruling in Shambhu Investment P. Ltd. v. CIT. Case-Laws Income Tax Wed, 17 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192442