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2011 (4) TMI 1160 - HC - Income TaxWhether Tribunal has erred in law in holding rental income from letting out commercial space in the building known as 'Kumar Towers' is taxable as income from business – Held that:- property is not in the possession of the assessee, let alone the question of doing any business there, and has let out the same to others for rent. We are clearly of the view that income from the property in question has to be taxed under the head "Income from house property", appeal is allowed, order passed by the learned Tribunal is hereby set aside, and that of the learned Commissioner of Income-tax (Appeals) II, is hereby restored, decision in favour of the Revenue, and against the assessee
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