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2021 (6) TMI 422 - AT - Income TaxCorrect head of income - income from letting out of some of business assets - Business Income or income from house property - HELD THAT:- As perused the order passed by co-ordinate bench of Tribunal in assessee’s own case for A.Y. 2011-12 [2020 (2) TMI 69 - ITAT DELHI] wherein proposition mooted out by the assessee that the rental income from letting out steel units and quarter situated in the steel units is to be treated as “income from house property” has been accepted. As revenue has failed to bring on record any change in the facts and circumstances of the case to treat the income by way of rental income earned by the assessee from letting out of steel units and quarters situated therein to be treated as business income. When there is no change in the facts and circumstances of the case, and this rental income has been accepted as income from the house property in earlier assessment years for 2007-08, 2009-10, 2010-11 and 2011-12, there is no ground to depart from the “principles of Consistency”. So finding no illegality or perversity in the impugned order passed by Ld. CIT(A), the appeal filed by the revenue is hereby dismissed.
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