https://www.taxtmi.com/caselaws?id=300962 The High Court addressed the Revenue's appeals challenging the ITAT's decision on treating rental receipts as business income. The Court noted the Tribunal's recall of its earlier order and deferred further consideration of the issue. Regarding the Tribunal's mention of the Revenue's recourse under Section 263, the Court deemed it advisory and not a substantial legal question, dismissing it. The High Court disposed of the appeals, indicating that both parties could raise related issues before the Tribunal in the future for reconsideration. en-us Fri, 09 Oct 2020 00:00:00 +0530 Sat, 05 Mar 2022 07:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300962 The High Court addressed the Revenue's appeals challenging the ITAT's decision on treating rental receipts as business income. The Court noted the Tribunal's recall of its earlier order and deferred further consideration of the issue. Regarding the Tribunal's mention of the Revenue's recourse under Section 263, the Court deemed it advisory and not a substantial legal question, dismissing it. The High Court disposed of the appeals, indicating that both parties could raise related issues before the Tribunal in the future for reconsideration. Case-Laws Income Tax Fri, 09 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300962