https://www.taxtmi.com/caselaws?id=193593 The Tribunal upheld the decision to classify rental income from ownership properties as business income, maintaining consistency in assessment. The rental income was assessed under the head business income, allowing related expenses and depreciation. The Tribunal emphasized the importance of consistency in assessing rental income unless there is a material change in facts or law. The appeal of the revenue was dismissed, granting relief to the assessee on the classification and treatment of rental income and related expenses. en-us Fri, 03 Jun 2011 00:00:00 +0530 Tue, 08 Aug 2017 18:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193593 The Tribunal upheld the decision to classify rental income from ownership properties as business income, maintaining consistency in assessment. The rental income was assessed under the head business income, allowing related expenses and depreciation. The Tribunal emphasized the importance of consistency in assessing rental income unless there is a material change in facts or law. The appeal of the revenue was dismissed, granting relief to the assessee on the classification and treatment of rental income and related expenses. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193593