THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE -3,, SRINAGAR vs. M/S JYOTI LIMITED , SRINAGAR

In the result, the appeal of the revenue bearing ITA No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

1. The Ld. CIT (A) is in error in following ITAT decision treating the income of the assessee as business income and not as income from house property as assessed by the AO ignoring that the assessee derived income from rent earned from lease to Bharat Hotels Ltd. which has to be assessed as income from house property

M/S SHANKAR RICE & GENERAL MILLS ,MOGA vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE, MOGA

In the result, the appeal of the assessee is dismissed