Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2016 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (6) TMI 648 - KARNATAKA HIGH COURTRental income derived from the industrial sheds - ‘income from house property’ OR ‘income from business’ - Held that:- It is not the case of the appellants-Revenue that thedecision of the regular assessment for the assessment year 2007-08 has been carried before the higher forum or a different view is taken. Under the circumstances, when the aforesaid stand of the department in respect of the very assessee for the subsequent assessment year is accepted by the Department itself, the Tribunal has rightly found that the income cannot be treated as the ‘business income’.
|