https://www.taxtmi.com/caselaws?id=13491 The HC upheld the Tribunal's decision, affirming that income from hiring air conditioners should be classified as business income. The Tribunal had set aside the Commissioner's revision order under section 263 of the Income-tax Act, emphasizing the continuity of the assessee's business activity despite a change in lessee. The HC found no substantial question of law, dismissing the appeal and underscoring the importance of substantial evidence and legal principles in income classification for taxation. en-us Thu, 26 Oct 2006 00:00:00 +0530 Fri, 16 Feb 2024 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13491 The HC upheld the Tribunal's decision, affirming that income from hiring air conditioners should be classified as business income. The Tribunal had set aside the Commissioner's revision order under section 263 of the Income-tax Act, emphasizing the continuity of the assessee's business activity despite a change in lessee. The HC found no substantial question of law, dismissing the appeal and underscoring the importance of substantial evidence and legal principles in income classification for taxation. Case-Laws Income Tax Thu, 26 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13491