https://www.taxtmi.com/caselaws?id=365439 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to classify the income from the undivided share in the I.T. Park as 'Business Income' rather than 'Income from House Property'. Additionally, the ITAT supported the CIT(A)'s deletion of additions made under Section 40A(2)(b) of the Income Tax Act, emphasizing the need for consistency in tax treatment and the requirement for concrete evidence to substantiate claims of unreasonableness. The ITAT's decision was pronounced on May 9, 2018. en-us Wed, 09 May 2018 00:00:00 +0530 Thu, 16 Aug 2018 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365439 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to classify the income from the undivided share in the I.T. Park as 'Business Income' rather than 'Income from House Property'. Additionally, the ITAT supported the CIT(A)'s deletion of additions made under Section 40A(2)(b) of the Income Tax Act, emphasizing the need for consistency in tax treatment and the requirement for concrete evidence to substantiate claims of unreasonableness. The ITAT's decision was pronounced on May 9, 2018. Case-Laws Income Tax Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365439