https://www.taxtmi.com/caselaws?id=302143 The Tribunal upheld the assessment of fair rental value of unsold residential flats as income from house property under Section 22, while determining rental income from unsold shops at Corromandel Plaza as business income. The issue of additional depreciation on car parking facility and plant/machinery was remanded to the CIT(A) for further adjudication. The Tribunal partly allowed the Revenue's appeal, permitted the assessee's cross-objection for statistical purposes, and dismissed the assessee's appeal as not maintainable. en-us Tue, 17 Oct 2017 00:00:00 +0530 Fri, 06 May 2022 16:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302143 The Tribunal upheld the assessment of fair rental value of unsold residential flats as income from house property under Section 22, while determining rental income from unsold shops at Corromandel Plaza as business income. The issue of additional depreciation on car parking facility and plant/machinery was remanded to the CIT(A) for further adjudication. The Tribunal partly allowed the Revenue's appeal, permitted the assessee's cross-objection for statistical purposes, and dismissed the assessee's appeal as not maintainable. Case-Laws Income Tax Tue, 17 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302143