https://www.taxtmi.com/caselaws?id=447237 ITAT Delhi dismissed assessee's appeal regarding rental income classification, upholding CIT(A)'s decision to treat rental receipts as business income instead of house property income, following previous tribunal precedent. The court granted partial relief on section 40(a)(ia) addition, remanding the matter to AO for verification of recipients' tax compliance. Foreign travel expenses addition was upheld due to assessee's failure to prove business necessity. Regarding section 68 addition for partner's capital contribution, the matter was remanded to AO for fresh adjudication after providing proper opportunity to submit documentary evidence and partner confirmation. en-us Fri, 13 Oct 2023 00:00:00 +0530 Wed, 20 Dec 2023 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447237 ITAT Delhi dismissed assessee's appeal regarding rental income classification, upholding CIT(A)'s decision to treat rental receipts as business income instead of house property income, following previous tribunal precedent. The court granted partial relief on section 40(a)(ia) addition, remanding the matter to AO for verification of recipients' tax compliance. Foreign travel expenses addition was upheld due to assessee's failure to prove business necessity. Regarding section 68 addition for partner's capital contribution, the matter was remanded to AO for fresh adjudication after providing proper opportunity to submit documentary evidence and partner confirmation. Case-Laws Income Tax Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447237