https://www.taxtmi.com/caselaws?id=386289 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee on all issues. It classified the income from letting out commercial properties as "profits and gains from business and profession," confirming the genuineness of a Rs. 1,50,00,000/- investment by a creditor, and deleted the Rs. 54,120/- addition for parking fees. Consequently, the Revenue's appeals were dismissed. en-us Wed, 10 Jul 2019 00:00:00 +0530 Fri, 08 Nov 2024 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386289 The Tribunal upheld the CIT(A)'s decisions in favor of the assessee on all issues. It classified the income from letting out commercial properties as "profits and gains from business and profession," confirming the genuineness of a Rs. 1,50,00,000/- investment by a creditor, and deleted the Rs. 54,120/- addition for parking fees. Consequently, the Revenue's appeals were dismissed. Case-Laws Income Tax Wed, 10 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386289