https://www.taxtmi.com/caselaws?id=381391 The Tribunal upheld the disallowance of rent received from M/s. Reliance Industries Limited as income chargeable under 'Other Sources' due to commercial use. Service fees were directed to be assessed under 'House Property.' No rent was received from M/s. Organon India Private Limited. Amount received from Tapan Kumar Biswas was dismissed. Rent from M/s. Sai Media Ventures (P) Ltd. was to be assessed under 'House Property.' Commission from Agarwal Merchandise was deleted based on mutuality principle. Sponsorship/advertisement receipts required deduction of organizing expenses before taxation under 'Other Sources.' The appeal was partly allowed with directions for reassessment and consistency in assessment. en-us Mon, 03 Jun 2019 00:00:00 +0530 Mon, 10 Jun 2019 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381391 The Tribunal upheld the disallowance of rent received from M/s. Reliance Industries Limited as income chargeable under 'Other Sources' due to commercial use. Service fees were directed to be assessed under 'House Property.' No rent was received from M/s. Organon India Private Limited. Amount received from Tapan Kumar Biswas was dismissed. Rent from M/s. Sai Media Ventures (P) Ltd. was to be assessed under 'House Property.' Commission from Agarwal Merchandise was deleted based on mutuality principle. Sponsorship/advertisement receipts required deduction of organizing expenses before taxation under 'Other Sources.' The appeal was partly allowed with directions for reassessment and consistency in assessment. Case-Laws Income Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381391