https://www.taxtmi.com/caselaws?id=347815 The Income Tax Appellate Tribunal (ITAT) dismissed the Assessing Officer's (AO) appeal, upholding the First Appellate Authority's (FAA) decisions on all grounds. The ITAT ruled in favor of treating income from mobile tower rent as 'income from house property,' deleting additions of Rs. 1.29 lakhs and Rs. 97.46 lakhs under different heads. The ITAT's decision aligned with the FAA's findings, referencing relevant case law and emphasizing the importance of reasonable rent valuation. The order was pronounced on 6th September, 2017. en-us Wed, 06 Sep 2017 00:00:00 +0530 Tue, 12 Sep 2017 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347815 The Income Tax Appellate Tribunal (ITAT) dismissed the Assessing Officer's (AO) appeal, upholding the First Appellate Authority's (FAA) decisions on all grounds. The ITAT ruled in favor of treating income from mobile tower rent as 'income from house property,' deleting additions of Rs. 1.29 lakhs and Rs. 97.46 lakhs under different heads. The ITAT's decision aligned with the FAA's findings, referencing relevant case law and emphasizing the importance of reasonable rent valuation. The order was pronounced on 6th September, 2017. Case-Laws Income Tax Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347815