https://www.taxtmi.com/caselaws?id=345888 The Tribunal allowed the appeals of the assessee for statistical purposes, directing the Assessing Officer to verify and treat the lease rental as "income from business" based on previous rulings and the Supreme Court's decision in Chennai Property and Investment Ltd. The issue was remanded back to the AO for further assessment, emphasizing consistency in treating rental income as business income in subsequent years. en-us Tue, 28 Mar 2017 00:00:00 +0530 Sat, 29 Jul 2017 07:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345888 The Tribunal allowed the appeals of the assessee for statistical purposes, directing the Assessing Officer to verify and treat the lease rental as "income from business" based on previous rulings and the Supreme Court's decision in Chennai Property and Investment Ltd. The issue was remanded back to the AO for further assessment, emphasizing consistency in treating rental income as business income in subsequent years. Case-Laws Income Tax Tue, 28 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345888