https://www.taxtmi.com/caselaws?id=373520 The appellate tribunal upheld the CIT(A) order treating rental income as business income instead of house property income for the assessment year 2012-13. The tribunal found that the assessee's shift to real estate development was supported by agreements, permissions, and business activities, justifying the classification. The CIT(A) decision was deemed appropriate, aligning with legal principles, past assessments, and business indicators. Consequently, the revenue's appeal was dismissed as lacking merit, with the appellate tribunal affirming the CIT(A) decision in accordance with the law. en-us Wed, 26 Dec 2018 00:00:00 +0530 Tue, 15 Jan 2019 12:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373520 The appellate tribunal upheld the CIT(A) order treating rental income as business income instead of house property income for the assessment year 2012-13. The tribunal found that the assessee's shift to real estate development was supported by agreements, permissions, and business activities, justifying the classification. The CIT(A) decision was deemed appropriate, aligning with legal principles, past assessments, and business indicators. Consequently, the revenue's appeal was dismissed as lacking merit, with the appellate tribunal affirming the CIT(A) decision in accordance with the law. Case-Laws Income Tax Wed, 26 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373520