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Acit, Cc- 6(2),, Chennai vs S.N. Damani Infra Pvt. Ltd.,, Chennai on 30 November, 2021 cites

Chennai Properties And Investment Ltd. vs Commissioner Of Income-Tax on 4 March, 1998

No: 3324/Chny/2019 Supreme Court in the case of Chennai Properties & Investment Ltd vs CIT, (supra) and the latest decision of Hon'ble Apex Court in the case of Raj Dadarkar and Associates vs ACIT, (supra). The AO without appreciating facts has wrongly concluded that income derived from letting out of properties is assessable under the head 'income from business or profession' as against income declared under the head 'income from house properties'. The CIT(A) after considering relevant facts has rightly directed the AO to assess income derived from letting out of properties under the head income from house property. Hence, we are inclined to uphold findings of the Ld. CIT(A) and dismiss appeal filed by the Revenue.
Madras High Court Cites 5 - Cited by 227 - R J Babu - Full Document

Raj Dadarkar Associates vs Acit -Cc-46 on 9 May, 2017

No: 3324/Chny/2019 Supreme Court in the case of Chennai Properties & Investment Ltd vs CIT, (supra) and the latest decision of Hon'ble Apex Court in the case of Raj Dadarkar and Associates vs ACIT, (supra). The AO without appreciating facts has wrongly concluded that income derived from letting out of properties is assessable under the head 'income from business or profession' as against income declared under the head 'income from house properties'. The CIT(A) after considering relevant facts has rightly directed the AO to assess income derived from letting out of properties under the head income from house property. Hence, we are inclined to uphold findings of the Ld. CIT(A) and dismiss appeal filed by the Revenue.
Supreme Court - Daily Orders Cites 17 - Cited by 40 - A K Sikri - Full Document

Engineering Analysis Centre Of ... vs The Commissioner Of Income Tax on 2 March, 2021

"No doubt in Sultan Brothers P. Ltd.'s case (supra), Constitution Bench judgment of this Court has clarified that merely an entry in the object clause showing a particular object would not be the determinative factor to arri.ve at an conclusion whether the income is to be treated as income from business and such a question would depend upon the circumstances of each case, viz., whether a particular business is letting or not. This is so stated in the followi.ng words:
Supreme Court of India Cites 167 - Cited by 1029 - R F Nariman - Full Document

Ndr Warehousing Pvt Ltd., Chennai vs Department Of Income Tax on 17 October, 2012

No: 3324/Chny/2019 jurisdictional High Court in the case of M/s. NDR Warehousing Pvt. Ltd., vs CIT (2015) 60 Taxmann.com 255 (Mad), held that in the case of warehousing business, income earned would fall under the head business. The Ld. CIT(A) without considering relevant facts has simply directed the AO to assess income under the head income from house property.
Income Tax Appellate Tribunal - Chennai Cites 3 - Cited by 1 - Full Document
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