https://www.taxtmi.com/caselaws?id=56418 The Tribunal upheld the assessment of income from "Honest House" as income from property rather than business income. The determination of income assessable in the hands of the assessee-company was also confirmed, with the Tribunal finding the ALV assessment based on 8% return on cost to be fair and reasonable. The appeals were ultimately dismissed, affirming the tax treatment of the income from the property under the head "income from house property." en-us Tue, 23 Apr 1996 00:00:00 +0530 Fri, 03 Dec 2010 15:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56418 The Tribunal upheld the assessment of income from "Honest House" as income from property rather than business income. The determination of income assessable in the hands of the assessee-company was also confirmed, with the Tribunal finding the ALV assessment based on 8% return on cost to be fair and reasonable. The appeals were ultimately dismissed, affirming the tax treatment of the income from the property under the head "income from house property." Case-Laws Income Tax Tue, 23 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56418