https://www.taxtmi.com/caselaws?id=462446 ITAT Mumbai held that rental receipts from a real estate company should be classified as business income rather than income from house property, given the company's primary objective of dealing in real estate and rental income being its main source. The tribunal applied consistency principle, noting revenue had accepted this classification in other years. Issues regarding interest income classification and business loss set-off were remitted to AO for re-adjudication following established precedents from the assessee's own case. en-us Fri, 22 Dec 2017 00:00:00 +0530 Fri, 20 Jun 2025 10:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462446 ITAT Mumbai held that rental receipts from a real estate company should be classified as business income rather than income from house property, given the company's primary objective of dealing in real estate and rental income being its main source. The tribunal applied consistency principle, noting revenue had accepted this classification in other years. Issues regarding interest income classification and business loss set-off were remitted to AO for re-adjudication following established precedents from the assessee's own case. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462446