https://www.taxtmi.com/caselaws?id=416222 The ITAT allowed the appeal, overturning the disallowance of interest on delayed rent payment to BPT. It directed the AO to assess interest income under "Income from Business" instead of "Income from Other Sources" and to reconsider various expenses claimed by the assessee. The ITAT highlighted the importance of consistency in tax assessments and instructed a thorough examination of expenses in relation to the nature of the income assessed. en-us Tue, 14 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416222 The ITAT allowed the appeal, overturning the disallowance of interest on delayed rent payment to BPT. It directed the AO to assess interest income under "Income from Business" instead of "Income from Other Sources" and to reconsider various expenses claimed by the assessee. The ITAT highlighted the importance of consistency in tax assessments and instructed a thorough examination of expenses in relation to the nature of the income assessed. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416222