https://www.taxtmi.com/caselaws?id=410632 The Tribunal upheld the CIT(A)'s decision that common area maintenance charges should be treated as 'income from business and profession.' Additionally, the Tribunal agreed with allowing the lease rental payment to the Noida authority as revenue expenditure, in line with the classification of maintenance charges as business income. The appeal by the Revenue was dismissed, and the order of the CIT(A) was upheld entirely. en-us Tue, 27 Jul 2021 00:00:00 +0530 Fri, 06 Aug 2021 09:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410632 The Tribunal upheld the CIT(A)'s decision that common area maintenance charges should be treated as 'income from business and profession.' Additionally, the Tribunal agreed with allowing the lease rental payment to the Noida authority as revenue expenditure, in line with the classification of maintenance charges as business income. The appeal by the Revenue was dismissed, and the order of the CIT(A) was upheld entirely. Case-Laws Income Tax Tue, 27 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410632