2014 (4) TMI 1135

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....ome Tax appeal is filed by the Revenue under Section 260A of the Income Tax Act, 1961 (for short 'the Act'), being aggrieved by the order date d 06-09-2013 made in ITA No.23/Bang/2013, passed by the Income Tax Appellate Tribunal, Bangalore Bench 'B' (for short 'the Tribunal') whereby the Tribunal dismissed the appeal and confirmed the orders dated 03-10-2012 passed by the Commissioner of Income Ta....

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....nsel appearing for the parties submitted that the substantial question of law raised in this appeal is fully covered by the judgment reported in (2013) 218 Taxman 88 (Karnataka) in the case of COMMISSIONER OF INCOME TAX-III v/s VELANKANI INFORMATION SYSTEMS (P) LTD . 4. Division Bench of this Court in the above said judgment at paragraph 26 has clearly held as under: "26............... If the i....

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....along with the buildings and documents executed in respect of each of them is to be seen. Thirdly it is to be found out whether it is inseparable or not. If they are inseparable and the intention is to carry on the business of letting out the commercial property and carrying at complex commercial activity and getting rental income therefrom, then such a rental income falls under the heading of p....