https://www.taxtmi.com/caselaws?id=310249 The High Court of Bombay dismissed the appeal challenging the order of the Income Tax Appellate Tribunal regarding disallowance under section 14A and the characterization of income derived from letting out premises. The Court upheld the Tribunal's decision, stating that the order was in line with legal provisions. The Court did not entertain the question of whether the income from letting out premises in an Industrial Park should be assessed as 'Business Income' or 'Income from house property' as the appellant decided not to press the issue in light of a relevant circular. No costs were awarded in this matter. en-us Tue, 19 Dec 2017 00:00:00 +0530 Fri, 13 Oct 2023 21:25:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310249 The High Court of Bombay dismissed the appeal challenging the order of the Income Tax Appellate Tribunal regarding disallowance under section 14A and the characterization of income derived from letting out premises. The Court upheld the Tribunal's decision, stating that the order was in line with legal provisions. The Court did not entertain the question of whether the income from letting out premises in an Industrial Park should be assessed as 'Business Income' or 'Income from house property' as the appellant decided not to press the issue in light of a relevant circular. No costs were awarded in this matter. Case-Laws Income Tax Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310249