https://www.taxtmi.com/caselaws?id=773586 ITAT Mumbai held that rental income should be assessed as business income rather than house property income. The assessee had correctly treated rental income as business income in their return. The tribunal relied on its own precedent from A.Y. 2011-12 where identical facts were decided in favor of the assessee. The revenue department conceded that circumstances were identical to the earlier year. The tribunal upheld the CIT(A)'s order allowing the assessee's classification and decided against the revenue. en-us Tue, 17 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773586 ITAT Mumbai held that rental income should be assessed as business income rather than house property income. The assessee had correctly treated rental income as business income in their return. The tribunal relied on its own precedent from A.Y. 2011-12 where identical facts were decided in favor of the assessee. The revenue department conceded that circumstances were identical to the earlier year. The tribunal upheld the CIT(A)'s order allowing the assessee's classification and decided against the revenue. Case-Laws Income Tax Tue, 17 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773586