https://www.taxtmi.com/caselaws?id=757375 ITAT Kolkata held that rental income should be assessed as house property income rather than business income. The AO failed to demonstrate how rental activities were conducted in an organized manner or that additional facilities were provided beyond statutory requirements. The tribunal applied the principle of consistency, noting that rental income was accepted as house property income in previous assessment years and subsequent years under section 143(1). The AO's classification as business income was vacated, and the assessee's appeal was allowed with directions to treat the income as house property income. en-us Tue, 20 Aug 2024 00:00:00 +0530 Mon, 16 Dec 2024 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757375 ITAT Kolkata held that rental income should be assessed as house property income rather than business income. The AO failed to demonstrate how rental activities were conducted in an organized manner or that additional facilities were provided beyond statutory requirements. The tribunal applied the principle of consistency, noting that rental income was accepted as house property income in previous assessment years and subsequent years under section 143(1). The AO's classification as business income was vacated, and the assessee's appeal was allowed with directions to treat the income as house property income. Case-Laws Income Tax Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757375