https://www.taxtmi.com/caselaws?id=383104 The Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (A.O) to assess amenity charges as "Income from House Property" rather than "Income from Other Sources" due to the inseparable link between amenities and property usage. The ITAT also instructed a reevaluation of the disallowance under Section 14A, citing the need for a fair hearing following the precedent that no disallowance is warranted if self-owned funds exceed investments. The appeal was allowed for statistical purposes, with the A.O directed to reconsider the issues. en-us Fri, 12 Jul 2019 00:00:00 +0530 Wed, 17 Jul 2019 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383104 The Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (A.O) to assess amenity charges as "Income from House Property" rather than "Income from Other Sources" due to the inseparable link between amenities and property usage. The ITAT also instructed a reevaluation of the disallowance under Section 14A, citing the need for a fair hearing following the precedent that no disallowance is warranted if self-owned funds exceed investments. The appeal was allowed for statistical purposes, with the A.O directed to reconsider the issues. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383104