https://www.taxtmi.com/caselaws?id=291535 The Tribunal held that the composite rental receipts should be classified as "business income" rather than "Income from House Property". It directed the Assessing Officer to allow the depreciation claim on fully furnished flats. The Tribunal emphasized the rule of consistency and cited relevant case law to support its decision. The other issues raised by the assessee were either dismissed as infructuous or not pressed. The appeals for the assessment years 2009-10, 2010-11, and 2011-12 were allowed in favor of the assessee. en-us Wed, 26 Jul 2017 00:00:00 +0530 Mon, 16 Nov 2020 15:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291535 The Tribunal held that the composite rental receipts should be classified as "business income" rather than "Income from House Property". It directed the Assessing Officer to allow the depreciation claim on fully furnished flats. The Tribunal emphasized the rule of consistency and cited relevant case law to support its decision. The other issues raised by the assessee were either dismissed as infructuous or not pressed. The appeals for the assessment years 2009-10, 2010-11, and 2011-12 were allowed in favor of the assessee. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291535