2013 (10) TMI 160

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..... the assessee challenging the concurrent finding recorded by the three Courts below holding that the rental income received by the partnership firm from the commercial complex is to be assessed under the heading "income from house property" and not from "business income". 2. The assessee is a partnership firm. It filed its return declaring total income of Rs. 12 lakhs. The return was processed und .....

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..... o pay the difference in tax as well as interest. Aggrieved by the same, he preferred appeal. The Appellate Authority confirmed the said finding. Aggrieved by the same, an appeal is preferred to the Tribunal, which also came to be dismissed . Aggrieved by these orders, the assessee is in appeal before this Court. 3. Learned counsel for the appellant assailing the impugned order contended it was ob .....

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..... l position that the income is received by the partnership firm and this is the only income of the partnership firm and the said income is coming from letting out of the commercial complex, the assessing authority held the income is to be assessed under the heading 'income from house property' which was erroneously assessed as 'income from business'. Therefore, impugned order came to be passed. The .....

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