https://www.taxtmi.com/caselaws?id=438944 The Tribunal ruled in favor of the assessee, allowing the rental income from amenities to be treated as "Income from House Property" instead of "Income from Other Sources." The Tribunal emphasized consistency and allowed the deduction under section 24(a) of the Act. Additionally, the Tribunal directed the Assessing Officer to consider only investments yielding exempt income for disallowance under Rule 8D, based on relevant case law. The appeal was partly allowed on these grounds. en-us Wed, 31 May 2023 00:00:00 +0530 Tue, 13 Jun 2023 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438944 The Tribunal ruled in favor of the assessee, allowing the rental income from amenities to be treated as "Income from House Property" instead of "Income from Other Sources." The Tribunal emphasized consistency and allowed the deduction under section 24(a) of the Act. Additionally, the Tribunal directed the Assessing Officer to consider only investments yielding exempt income for disallowance under Rule 8D, based on relevant case law. The appeal was partly allowed on these grounds. Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438944