https://www.taxtmi.com/caselaws?id=415635 The Appellate Tribunal upheld the decision of the CIT(A), dismissing the appeal of the revenue and the cross objection of the assessee. The Tribunal affirmed that the rental income was taxable under section 22, and the deductions claimed by the assessee were appropriately allowed based on the terms of the Leave and License Agreement. The judgment provided clarity on the application of relevant provisions of the Income Tax Act in determining the taxability of rental income and the associated deductions. en-us Wed, 10 Nov 2021 00:00:00 +0530 Thu, 09 Dec 2021 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415635 The Appellate Tribunal upheld the decision of the CIT(A), dismissing the appeal of the revenue and the cross objection of the assessee. The Tribunal affirmed that the rental income was taxable under section 22, and the deductions claimed by the assessee were appropriately allowed based on the terms of the Leave and License Agreement. The judgment provided clarity on the application of relevant provisions of the Income Tax Act in determining the taxability of rental income and the associated deductions. Case-Laws Income Tax Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415635