https://www.taxtmi.com/caselaws?id=278489 The Revenue's appeal was dismissed by the Hon'ble Bombay High Court on 30th October 2017. The court affirmed the treatment of rental income from an Entertainment Center cum Mall and Maintenance Charges as business income, rejecting the Revenue's classification as "Income from House Property." The court also allowed the interest expenditure on loans availed by the assessee, based on previous Tribunal decisions. The court's decision was consistent with previous rulings, leading to the dismissal of the Revenue's appeal. en-us Mon, 30 Oct 2017 00:00:00 +0530 Thu, 07 Feb 2019 10:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278489 The Revenue's appeal was dismissed by the Hon'ble Bombay High Court on 30th October 2017. The court affirmed the treatment of rental income from an Entertainment Center cum Mall and Maintenance Charges as business income, rejecting the Revenue's classification as "Income from House Property." The court also allowed the interest expenditure on loans availed by the assessee, based on previous Tribunal decisions. The court's decision was consistent with previous rulings, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Mon, 30 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278489