https://www.taxtmi.com/caselaws?id=376362 The tribunal determined that the rental income earned by the assessee from unsold flats should be classified as "Income from House Property," rejecting the revenue's argument for treating it as "Business Income." Citing previous decisions and the nature of the assessee's business, the tribunal concluded in favor of the assessee. The revenue's appeals were dismissed, and the assessee's appeal for the relevant assessment year was allowed. The tribunal upheld the CIT(A)'s order regarding the classification of rental income. en-us Fri, 01 Mar 2019 00:00:00 +0530 Thu, 07 Mar 2019 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376362 The tribunal determined that the rental income earned by the assessee from unsold flats should be classified as "Income from House Property," rejecting the revenue's argument for treating it as "Business Income." Citing previous decisions and the nature of the assessee's business, the tribunal concluded in favor of the assessee. The revenue's appeals were dismissed, and the assessee's appeal for the relevant assessment year was allowed. The tribunal upheld the CIT(A)'s order regarding the classification of rental income. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376362