https://www.taxtmi.com/caselaws?id=365717 The Tribunal ruled in favor of the assessee, determining that the income should be classified under "income from business" rather than "income from house property." The Tribunal considered the nature of the property, business objectives, and agreements with lessees, concluding that the primary activity was leasing the property and earning rent. It criticized the Assessing Officer's decision and allowed the assessee's appeals, citing legal precedents and emphasizing the business nature of the activities. en-us Wed, 01 Aug 2018 00:00:00 +0530 Wed, 22 Aug 2018 08:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365717 The Tribunal ruled in favor of the assessee, determining that the income should be classified under "income from business" rather than "income from house property." The Tribunal considered the nature of the property, business objectives, and agreements with lessees, concluding that the primary activity was leasing the property and earning rent. It criticized the Assessing Officer's decision and allowed the assessee's appeals, citing legal precedents and emphasizing the business nature of the activities. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365717