https://www.taxtmi.com/caselaws?id=197471 The Revenue's appeal against the deletion of an addition of Rs. 71,30,158 as income from other sources was dismissed. The Assessing Officer had categorized a portion as business income and the remainder as income from other sources. The CIT(A) deleted the addition based on previous favorable ITAT decisions, stressing consistency in income treatment. The ITAT affirmed the CIT(A)'s decision, deeming the exercise unnecessary. The depreciation cannot be disallowed regardless of income categorization. The Revenue's appeal was rejected, upholding the deletion of the addition based on jurisdictional ITAT rulings and consistency principles. en-us Wed, 08 Aug 2012 00:00:00 +0530 Mon, 08 Jan 2018 13:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197471 The Revenue's appeal against the deletion of an addition of Rs. 71,30,158 as income from other sources was dismissed. The Assessing Officer had categorized a portion as business income and the remainder as income from other sources. The CIT(A) deleted the addition based on previous favorable ITAT decisions, stressing consistency in income treatment. The ITAT affirmed the CIT(A)'s decision, deeming the exercise unnecessary. The depreciation cannot be disallowed regardless of income categorization. The Revenue's appeal was rejected, upholding the deletion of the addition based on jurisdictional ITAT rulings and consistency principles. Case-Laws Income Tax Wed, 08 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197471