https://www.taxtmi.com/caselaws?id=381764 The Tribunal ruled in favor of the appellant, holding that the lease rental income should be assessed under 'Income from House Property' rather than 'Profits & gains of Business or profession'. The Tribunal emphasized the consistent treatment of the income as 'house property' in previous and subsequent years, highlighting the lack of evidence supporting a business income classification. The second issue regarding the disallowance of interest on late TDS deposits was not pursued during arguments and was consequently dismissed. The appeal was partly allowed, with the judgment issued on May 28, 2019. en-us Tue, 28 May 2019 00:00:00 +0530 Tue, 18 Jun 2019 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381764 The Tribunal ruled in favor of the appellant, holding that the lease rental income should be assessed under 'Income from House Property' rather than 'Profits & gains of Business or profession'. The Tribunal emphasized the consistent treatment of the income as 'house property' in previous and subsequent years, highlighting the lack of evidence supporting a business income classification. The second issue regarding the disallowance of interest on late TDS deposits was not pursued during arguments and was consequently dismissed. The appeal was partly allowed, with the judgment issued on May 28, 2019. Case-Laws Income Tax Tue, 28 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381764