https://www.taxtmi.com/caselaws?id=294166 The Tribunal upheld the decisions of the ld. CIT(A) regarding the treatment of rental income as business income and the accumulation of surplus amount. The Tribunal found that the issues were settled in favor of the assessee by relevant High Court decisions, specifically citing the decision of the Hon'ble Madras High Court on the treatment of rental income and the decision of the Hon'ble Punjab & Haryana High Court on the accumulation of surplus amount. Consequently, the Revenue's appeal was dismissed. en-us Fri, 09 Sep 2011 00:00:00 +0530 Wed, 24 Mar 2021 18:11:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294166 The Tribunal upheld the decisions of the ld. CIT(A) regarding the treatment of rental income as business income and the accumulation of surplus amount. The Tribunal found that the issues were settled in favor of the assessee by relevant High Court decisions, specifically citing the decision of the Hon'ble Madras High Court on the treatment of rental income and the decision of the Hon'ble Punjab & Haryana High Court on the accumulation of surplus amount. Consequently, the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 09 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294166