https://www.taxtmi.com/caselaws?id=770514 ITAT Kolkata allowed the appeal, holding that license fees from commercial premises in a shopping complex should be assessed under house property income, not business income. The tribunal applied the principle from Radha Soami Satsang case that consistent treatment in earlier years should be maintained when fundamental aspects remain unchanged. The assessee was entitled to 30% standard deduction under section 24(1). Additionally, the tribunal quashed the assessment as the notice under section 143(2) was invalid for not specifying the type of scrutiny as required by CBDT instructions, violating procedural requirements and rendering subsequent proceedings void. en-us Tue, 06 May 2025 00:00:00 +0530 Mon, 12 May 2025 09:20:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770514 ITAT Kolkata allowed the appeal, holding that license fees from commercial premises in a shopping complex should be assessed under house property income, not business income. The tribunal applied the principle from Radha Soami Satsang case that consistent treatment in earlier years should be maintained when fundamental aspects remain unchanged. The assessee was entitled to 30% standard deduction under section 24(1). Additionally, the tribunal quashed the assessment as the notice under section 143(2) was invalid for not specifying the type of scrutiny as required by CBDT instructions, violating procedural requirements and rendering subsequent proceedings void. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770514