https://www.taxtmi.com/caselaws?id=34036 The Supreme Court held that the income for Assessment Year 1997-98 was correctly classified as business income, not income from house property. It criticized the High Court's directive to treat the income similarly for subsequent years, emphasizing the separate nature of each assessment year. Writ petitions against assessment reopening were deemed improper, with the Court stressing the need to appeal under Section 253(1) of the Income Tax Act. Procedural errors in challenging decisions were highlighted, and the assessee was directed to file appeals within four weeks to avoid dismissal for delay. en-us Thu, 13 Dec 2007 00:00:00 +0530 Tue, 07 Jul 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34036 The Supreme Court held that the income for Assessment Year 1997-98 was correctly classified as business income, not income from house property. It criticized the High Court's directive to treat the income similarly for subsequent years, emphasizing the separate nature of each assessment year. Writ petitions against assessment reopening were deemed improper, with the Court stressing the need to appeal under Section 253(1) of the Income Tax Act. Procedural errors in challenging decisions were highlighted, and the assessee was directed to file appeals within four weeks to avoid dismissal for delay. Case-Laws Income Tax Thu, 13 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34036