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2018 (7) TMI 368 - AT - Income TaxLicence fees received from tenants - income from business or income from house property - Held that:- Referring to assessee’s own case, we set aside the order of CIT(A) and direct the Assessing Officer to treat the licence fee derived from tenants as income from business. Disallowance of interest paid on loan against property - Held that:- On perusal of the record and hearing both the parties, we note that a similar issue was decided by the CIT(A) in favour of assessee in assessee’s own case for Assessment Year 2011-12 and the Department has accepted the said view taken by the CIT(A). Accordingly, we follow the rule of consistency and delete the disallowance made on account of interest - Assessee appeal allowed.
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