2011 (9) TMI 190

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..... ease rental income earned by the assessee is to be assessed as “income from business”. - ITA NO.3029 OF 2009 - - - Dated:- 27-9-2011 - CORAM : J.P. DEVADHAR K.K. TATED, JJ. Mr. Suresh Kumar for the appellant P.C. 1. Two questions of law raised by the Revenue in this appeal read thus: (i) Whether, on the facts and in the circumstances of the case, the Tribunal was right in law i .....

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..... come from other sources is on the ground that the lease period had expired in the A.Y. in question. 4. The Tribunal has recorded a finding of fact that merely because the lease period has expired, the character of the rental income does not change from business income to income from other sources . In our opinion, no fault can be found with the decision of the ITAT in holding that the lease .....

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