2019 (8) TMI 359

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....ellant : Mr.Karthi Ranganathan, SSC For the Respondent : Mr.N.V.Balaji COMMON JUDGMENT T .S.SIVAGNANAM, J. We have heard Mr.Karthik Ranganathan, learned Senior Standing Counsel for the appellant - Revenue and Mr.N.V.Balaji learned counsel appearing for the respondent - assessee. 2. These appeals filed by the Revenue under Section 260A of the Income Tax Act, 1961 (for short, the Act)....

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....d in holding that the rental receipts to be assessed under the head 'income from business' when the assessee was not engaged in any business activity and as the condition for chargeability of property income as provided under the provision of Section 22 of the Income Tax Act are satisfied in the present case and thereby to be assessed under the head 'income from house property' onl....

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....ncome earned out of letting out of commercial complex would be assessed as 'income from house property' and not as 'business income' and further, whether non appreciation/ignorance of the ratio of decision of the Hon'ble Apex Court, while deciding the issue, had made the order of the Tribunal perverse, both in law and facts? And v. Whether, on the facts and in the circ....