TaxTMI 
TaxTMI 
2019 (10) TMI 11
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....submitted that the assessee has earned income from giving furniture on hire. The assessee disclosed the same as business income. In assessment proceedings the Assessing Officer held the income earned by assessee from furniture hiring charges as 'Income from House Property'. In First Appellate proceedings the Commissioner of Income Tax (Appeals) disagree with the Assessing Officer in holding income from furniture hiring charges as Income from House Property. However, the Commissioner of Income Tax (Appeals) went on a different tangent and held the said income as 'Income from Other Sources'. The assessee in the previous assessment years and in subsequent assessment years has been declaring income from furniture hire charges under the head 'Bu....
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....d No. 2 of the appeal, the assessee has impugned the findings of Commissioner of Income Tax (Appeals) in holding income earned from giving furniture on hire under the head 'Income from Other Sources'. The assessee has claimed income from giving furniture on hire under the head 'Business Income'. The ld. AR of assessee pointed that in the earlier and in subsequent assessment years the assessee has been declaring such income as 'Business Income' and the same was accepted by the Department. The contentions of the ld. AR of assessee have not been rebutted by the Department. The ld. AR to further substantiate his contentions has drawn our attention to the Balance sheet as on 31-03-2016 at page 33 of the paper book to show that the furniture has ....