https://www.taxtmi.com/caselaws?id=413232 The court ruled in favor of the assessee in an income tax appeal regarding the classification of income from letting out a building in an industrial park. The court quashed the Income Tax Appellate Tribunal's order, citing a previous decision and answering substantial questions of law in favor of the assessee. The treatment of business income from commercial activities and the disallowance of certain expenditures were also addressed, with the court directing a re-examination of expenditure deductions for complex commercial letting out services. The appeal was partly allowed based on the court's findings. en-us Mon, 30 Aug 2021 00:00:00 +0530 Wed, 06 Oct 2021 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413232 The court ruled in favor of the assessee in an income tax appeal regarding the classification of income from letting out a building in an industrial park. The court quashed the Income Tax Appellate Tribunal's order, citing a previous decision and answering substantial questions of law in favor of the assessee. The treatment of business income from commercial activities and the disallowance of certain expenditures were also addressed, with the court directing a re-examination of expenditure deductions for complex commercial letting out services. The appeal was partly allowed based on the court's findings. Case-Laws Income Tax Mon, 30 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413232