2022 (2) TMI 516

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....Itarsi. The Revenue has raised following grounds of appeal in ITA No. 851/Ind/2019: "1. That on the facts and in the circumstances of the case, the ld. CIT(A) erred in confirming the addition of Rs. 2,80,881/- by adopting the income from warehouse as income from house property instead of business income as shown by the appellant. 2. That the appellant craves leave to add, to urge, to later or to amend any of the grounds of the appeal on or before the date of Hearing. 2. Short issue for adjudication is that whether the amount of Rs. 2,80,881/- shown by the assessee as income from warehouse is Income from house property or Income from business. 3. Brief facts of the case as culled out from the records are that the a....

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....to the written submissions and the paper book running from pages 1 to 38 and also submitted that the assessee entered into an agreement with MP Warehousing & Logistic Corporation. As per the condition enumerated in the agreement, the assessee is required to perform various other functions for running the warehouse in a proper manner. It is also submitted that in subsequent assessment years from 2014-15 to 2017-18 similar income has been offered as business income and has been duly accepted by the revenue authorities. 7. Per contra, ld. DR vehemently argued supporting the order of lower authorities. 8. We have heard rival contentions and perused the records placed before us. The sole issue to be examined by us is that whether the gross....