https://www.taxtmi.com/caselaws?id=277769 The Tribunal upheld the order treating warehouse rent income as business income, emphasizing the commercial nature of the activity. It noted the provision of business services rather than mere rental income, indicating a business operation under the definition of business income. The Tribunal also dismissed the Revenue's argument regarding non-compliance with Rule 46A, as no additional evidence was accepted by the Commissioner of Income Tax (Appeals). Relying on precedent and consistency in treatment, the Tribunal rejected the Revenue's appeal and affirmed the original order. en-us Thu, 22 Jun 2017 00:00:00 +0530 Sat, 22 Dec 2018 06:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277769 The Tribunal upheld the order treating warehouse rent income as business income, emphasizing the commercial nature of the activity. It noted the provision of business services rather than mere rental income, indicating a business operation under the definition of business income. The Tribunal also dismissed the Revenue's argument regarding non-compliance with Rule 46A, as no additional evidence was accepted by the Commissioner of Income Tax (Appeals). Relying on precedent and consistency in treatment, the Tribunal rejected the Revenue's appeal and affirmed the original order. Case-Laws Income Tax Thu, 22 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277769