https://www.taxtmi.com/caselaws?id=431424 The Tribunal upheld the Ld. CIT(A)'s decision, dismissing the Revenue's appeal. It affirmed that the transaction was genuine, rental income should be treated as business income, and interest/processing charges were allowable business expenses. The Tribunal also found no evidence supporting the Benami transaction claim. Citing Supreme Court decisions, it concluded in favor of the assessee on all contested issues. en-us Fri, 02 Dec 2022 00:00:00 +0530 Sat, 10 Dec 2022 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431424 The Tribunal upheld the Ld. CIT(A)'s decision, dismissing the Revenue's appeal. It affirmed that the transaction was genuine, rental income should be treated as business income, and interest/processing charges were allowable business expenses. The Tribunal also found no evidence supporting the Benami transaction claim. Citing Supreme Court decisions, it concluded in favor of the assessee on all contested issues. Case-Laws Income Tax Fri, 02 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431424