https://www.taxtmi.com/caselaws?id=374733 The Tribunal upheld the CIT(A)'s decision, classifying the income from the mall as business income and allowing the interest expenditure. The Tribunal distinguished the Supreme Court's decision in Shambhu Investment (P) Ltd vs CIT based on the primary object test, emphasizing the commercial activities conducted by the assessee. The decision was supported by past rulings and the principle of consistency, ultimately dismissing the Revenue's appeal. en-us Mon, 04 Feb 2019 00:00:00 +0530 Fri, 08 Feb 2019 06:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374733 The Tribunal upheld the CIT(A)'s decision, classifying the income from the mall as business income and allowing the interest expenditure. The Tribunal distinguished the Supreme Court's decision in Shambhu Investment (P) Ltd vs CIT based on the primary object test, emphasizing the commercial activities conducted by the assessee. The decision was supported by past rulings and the principle of consistency, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374733