https://www.taxtmi.com/caselaws?id=10719 The court dismissed both petitions challenging the proceedings under section 148 of the Income-tax Act, 1961. It upheld the actions of the Assessing Officer in initiating the proceedings and rejecting the objections raised by the petitioner. The court found that the income from the rental business did not qualify as "business income" and supported the Assessing Officer's decision to classify it as income from other sources. The court emphasized that the classification of income depends on the specific circumstances of each case and concluded that there was no merit in the petitioner's arguments. en-us Fri, 01 Oct 2004 00:00:00 +0530 Wed, 22 Jul 2009 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10719 The court dismissed both petitions challenging the proceedings under section 148 of the Income-tax Act, 1961. It upheld the actions of the Assessing Officer in initiating the proceedings and rejecting the objections raised by the petitioner. The court found that the income from the rental business did not qualify as "business income" and supported the Assessing Officer's decision to classify it as income from other sources. The court emphasized that the classification of income depends on the specific circumstances of each case and concluded that there was no merit in the petitioner's arguments. Case-Laws Income Tax Fri, 01 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10719