https://www.taxtmi.com/caselaws?id=13514 The court ruled in favor of the Revenue on the classification of income derived from a commercial complex, determining it should be treated as income from property based on a previous judgment. However, regarding the assessment of income under the correct head, the court found that the authorities had not properly considered the evidence of services provided by the assessees. It directed the Assessing Officer to reevaluate the nature of services and income received, suggesting that such income might be assessed under "Income from other sources" or "Income from business," necessitating a reassessment for accurate determination. en-us Tue, 12 Jun 2007 00:00:00 +0530 Fri, 09 Feb 2024 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13514 The court ruled in favor of the Revenue on the classification of income derived from a commercial complex, determining it should be treated as income from property based on a previous judgment. However, regarding the assessment of income under the correct head, the court found that the authorities had not properly considered the evidence of services provided by the assessees. It directed the Assessing Officer to reevaluate the nature of services and income received, suggesting that such income might be assessed under "Income from other sources" or "Income from business," necessitating a reassessment for accurate determination. Case-Laws Income Tax Tue, 12 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13514