https://www.taxtmi.com/caselaws?id=60029 The Tribunal determined that the assessee's rental income should be classified as 60% rental income and 40% service charges (business income) due to the organized provision of amenities to tenants. Expenses related to the service charges were allowed under Section 37(1), while deductions for the rental income portion were permitted under Section 24 of the Income Tax Act. The Tribunal admitted additional grounds of appeal, finding the assessee's activities constituted business. As a result, both appeals by the assessee were partially allowed. en-us Fri, 23 Mar 2007 00:00:00 +0530 Thu, 26 Jul 2012 13:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60029 The Tribunal determined that the assessee's rental income should be classified as 60% rental income and 40% service charges (business income) due to the organized provision of amenities to tenants. Expenses related to the service charges were allowed under Section 37(1), while deductions for the rental income portion were permitted under Section 24 of the Income Tax Act. The Tribunal admitted additional grounds of appeal, finding the assessee's activities constituted business. As a result, both appeals by the assessee were partially allowed. Case-Laws Income Tax Fri, 23 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60029