2009 (10) TMI 554

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..... t a business activity at all - letting out building to the bank cannot be treated as business. It is to be assessed as income from property - Appeal is dismissed - - - - - Dated:- 15-10-2009 - RAMACHANDRAN NAIR C. N., MOHANAN V. K. JJ JUDGMENT The judgment of the court was delivered by C. N. Ramachandran Nair J.-Only two issues arise from the three questions raised in the connected a .....

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..... e from property. We, therefore, uphold the finding of the Tribunal with regard to the confirmation of assessment on the income from the Konny Building. The next issue, i.e., liability for interest under sections 234A and 234B is covered by a single Bench decision of this court in Seapearl Enterprises v. Deputy CIT [2007] 294 ITR 374 (Ker). It is conceded that a Full Bench of the Punjab and Haryana .....

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