https://www.taxtmi.com/caselaws?id=352607 The Tribunal ruled in favor of the assessee by classifying rental income from letting out the terrace floor/roof as "Income from house property" instead of "Income from other sources." The disallowance of construction expenses at Vikram Tower was upheld as capital in nature. The issue of interest under section 234B was considered consequential. The disallowance of expenditure under section 14A read with Rule 8D was remanded back to the AO for fresh adjudication, providing the assessee with a reasonable opportunity to be heard. en-us Wed, 13 Dec 2017 00:00:00 +0530 Mon, 18 Dec 2017 11:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352607 The Tribunal ruled in favor of the assessee by classifying rental income from letting out the terrace floor/roof as "Income from house property" instead of "Income from other sources." The disallowance of construction expenses at Vikram Tower was upheld as capital in nature. The issue of interest under section 234B was considered consequential. The disallowance of expenditure under section 14A read with Rule 8D was remanded back to the AO for fresh adjudication, providing the assessee with a reasonable opportunity to be heard. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352607