https://www.taxtmi.com/caselaws?id=441355 The Revenue's appeal against the CIT(A)-22, New Delhi's decision on assessing income from tenancy rights as house property or business income under the Income Tax Act was dismissed. The CIT(A) determined that income from sub-license of property should be taxed as house property income, not business income, based on past assessments and legal decisions. The Bench upheld this decision, emphasizing consistency in tax assessments and rejecting the Revenue's argument for treating each year as a separate event. en-us Thu, 03 Aug 2023 00:00:00 +0530 Sat, 05 Aug 2023 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441355 The Revenue's appeal against the CIT(A)-22, New Delhi's decision on assessing income from tenancy rights as house property or business income under the Income Tax Act was dismissed. The CIT(A) determined that income from sub-license of property should be taxed as house property income, not business income, based on past assessments and legal decisions. The Bench upheld this decision, emphasizing consistency in tax assessments and rejecting the Revenue's argument for treating each year as a separate event. Case-Laws Income Tax Thu, 03 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441355