https://www.taxtmi.com/caselaws?id=416442 The Tribunal upheld the classification of rental income under "Income from House Property" based on the assessee's consistent past declarations. However, the Tribunal allowed the deduction of bad debts and business loss due to the cancellation of property, directing the Assessing Officer to accept these claims. The appeal was partly allowed in favor of the assessee. en-us Wed, 22 Dec 2021 00:00:00 +0530 Wed, 29 Dec 2021 08:45:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416442 The Tribunal upheld the classification of rental income under "Income from House Property" based on the assessee's consistent past declarations. However, the Tribunal allowed the deduction of bad debts and business loss due to the cancellation of property, directing the Assessing Officer to accept these claims. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416442