https://www.taxtmi.com/caselaws?id=354928 The ITAT ruled in favor of the appellant, overturning the lower authorities' decisions and classifying the appellant's receipts as business income. The judgment emphasized the appellant's primary income source from letting properties and referenced the Rayala Corporation case. The ITAT allowed the appeal, setting aside the lower authorities' orders and directing that the appellant's receipts be considered as business income. en-us Mon, 05 Feb 2018 00:00:00 +0530 Wed, 07 Feb 2018 08:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354928 The ITAT ruled in favor of the appellant, overturning the lower authorities' decisions and classifying the appellant's receipts as business income. The judgment emphasized the appellant's primary income source from letting properties and referenced the Rayala Corporation case. The ITAT allowed the appeal, setting aside the lower authorities' orders and directing that the appellant's receipts be considered as business income. Case-Laws Income Tax Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354928