https://www.taxtmi.com/caselaws?id=283831 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision to assess rental income under "Income from business" instead of "Income from house property." The ITAT upheld the deletion of disallowed expenses incurred for maintaining business assets, emphasizing they were normal business expenditures. The judgment was rendered on November 13, 2017, with detailed reasoning provided for each issue. en-us Mon, 13 Nov 2017 00:00:00 +0530 Thu, 17 Oct 2019 09:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283831 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision to assess rental income under "Income from business" instead of "Income from house property." The ITAT upheld the deletion of disallowed expenses incurred for maintaining business assets, emphasizing they were normal business expenditures. The judgment was rendered on November 13, 2017, with detailed reasoning provided for each issue. Case-Laws Income Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283831