2020 (3) TMI 883

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..... Venkat Narayanan And Mr. Subbaraya Aiyar. For Respondent: Mr. T. Ravikumar. JUDGEMENT N.KIRUBAKARAN, J This tax case appeal has been filed against the order passed by the Tribunal relating to the assessment year 2010-2011 confirming the order of the Commissioner of Income Tax arising out of the order of the Assistant Commissioner of Income Tax passed under Section 143 (3) of the Inco....

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....uing the main object of the company as provided in the Memorandum and Objects?" 4.Mr.M.Venkat Narayanan, learned Counsel for the appellant would submit that in the assessee's own case in "Rayala Corporation Pvt. Ltd., Vs. Assistant Commissioner of Income Tax" reported in "[2016] 386 ITR 500 (SC)", the Hon'ble Supreme Court has reversed the Judgment of this Court holding that the assesse....

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....he assessee. However, the said Judgment does not deal with the income under other heads and no finding has been given by the Hon'ble Supreme Court. Making it clear as stated above, as no finding has been given with regard to any other heads, this Court is of the view that as per the Judgment of the Hon'ble Supreme Court, the rental income derived from the house property should be treated a....