https://www.taxtmi.com/caselaws?id=278257 The ITAT upheld the CIT(A)'s decision, treating income from letting out buildings and service charges as "Income from Business." The ITAT found the income aligned with the company's main objective of developing and leasing specialized industrial buildings with additional services. The appeal by the revenue was dismissed, directing the AO to compute income accordingly and allow related expenditures. The decision was pronounced on 03.10.2018. en-us Wed, 03 Oct 2018 00:00:00 +0530 Mon, 21 Jan 2019 06:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278257 The ITAT upheld the CIT(A)'s decision, treating income from letting out buildings and service charges as "Income from Business." The ITAT found the income aligned with the company's main objective of developing and leasing specialized industrial buildings with additional services. The appeal by the revenue was dismissed, directing the AO to compute income accordingly and allow related expenditures. The decision was pronounced on 03.10.2018. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278257