https://www.taxtmi.com/caselaws?id=392484 The Tribunal allowed the appeals and directed the Assessing Officer to treat the lease income as business income. The Tribunal determined that the assessee's primary business was leasing properties, supported by the Partnership Deed and activities conducted to earn rental income. Consequently, the rental income was deemed taxable under the category of "income from business and profession," enabling the assessee to claim deductions for related expenses and depreciation. The decision was rendered on 28th January 2020. en-us Tue, 28 Jan 2020 00:00:00 +0530 Fri, 21 Feb 2020 12:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392484 The Tribunal allowed the appeals and directed the Assessing Officer to treat the lease income as business income. The Tribunal determined that the assessee's primary business was leasing properties, supported by the Partnership Deed and activities conducted to earn rental income. Consequently, the rental income was deemed taxable under the category of "income from business and profession," enabling the assessee to claim deductions for related expenses and depreciation. The decision was rendered on 28th January 2020. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392484