https://www.taxtmi.com/caselaws?id=197323 The Tribunal upheld the classification of rental receipts from subletting of factory premises as 'Business income' based on a previous order in the assessee's case. The decision emphasized consistent interpretation and application of tax laws, dismissing the Revenue's appeal and affirming the CIT(A)'s decision. The Tribunal did not extensively address the allowance of expenses claimed by the assessee against the rental income, as the primary focus was on income classification. en-us Mon, 05 Jun 2017 00:00:00 +0530 Tue, 02 Jan 2018 20:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197323 The Tribunal upheld the classification of rental receipts from subletting of factory premises as 'Business income' based on a previous order in the assessee's case. The decision emphasized consistent interpretation and application of tax laws, dismissing the Revenue's appeal and affirming the CIT(A)'s decision. The Tribunal did not extensively address the allowance of expenses claimed by the assessee against the rental income, as the primary focus was on income classification. Case-Laws Income Tax Mon, 05 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197323