https://www.taxtmi.com/caselaws?id=363427 The Tribunal condoned the Revenue's 45-day appeal delay and admitted it for adjudication. The main issue was whether receipts from M/s Pantaloon Retail (India) Ltd should be treated as Business income for a non-banking financial company. The Tribunal found in favor of the assessee, determining the income as business income due to services provided for commercial property exploitation, compensating through commission on gross sales. Previous consistent treatment and lack of changed circumstances led to upholding the assessee's position, directing Revenue to allow depreciation and related expenses, dismissing the appeal and deleting prior disallowances. en-us Wed, 04 Jul 2018 00:00:00 +0530 Thu, 12 Jul 2018 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363427 The Tribunal condoned the Revenue's 45-day appeal delay and admitted it for adjudication. The main issue was whether receipts from M/s Pantaloon Retail (India) Ltd should be treated as Business income for a non-banking financial company. The Tribunal found in favor of the assessee, determining the income as business income due to services provided for commercial property exploitation, compensating through commission on gross sales. Previous consistent treatment and lack of changed circumstances led to upholding the assessee's position, directing Revenue to allow depreciation and related expenses, dismissing the appeal and deleting prior disallowances. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363427