https://www.taxtmi.com/highlights?id=84982 Assessee computed rental income from factory premises under both "income from house property" and business income incorrectly. ITAT held rental income should be considered under S.57, allowing claim of proportionate expenses against such rental income. AO directed to recompute taxable income under S.57. Assessee's grounds partly allowed. en-us Sat, 18 Jan 2025 08:47:30 +0530 Sat, 18 Jan 2025 08:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84982 Assessee computed rental income from factory premises under both "income from house property" and business income incorrectly. ITAT held rental income should be considered under S.57, allowing claim of proportionate expenses against such rental income. AO directed to recompute taxable income under S.57. Assessee's grounds partly allowed. Highlights Income Tax Sat, 18 Jan 2025 08:47:30 +0530 https://www.taxtmi.com/highlights?id=84982