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TMI Blog2015 (3) TMI 709X X X X Extracts X X X X X X X X Extracts X X X X ..... ad 'Business Income'. See The Commissioner of Income Tax, Tamil Nadu-III, Madras Versus M/s. SSM. Estates Ltd. [2015 (3) TMI 320 - MADRAS HIGH COURT] - Decided against revenue. - Tax Case (Appeal) Nos. 46 & 47 of 2015 M.P.No.1 of 2015 - - - Dated:- 24-2-2015 - R. Sudhakar And R. Karuppiah,JJ. For the Appellant : Mr. J Narayanasamy Standing Counsel for Income Tax For the Respo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... missioner of Income Tax (Appeals), who, by following the order of the Income Tax Appellate Tribunal in the case of SSM Estate Ltd. in I.T.A.Nos.1189, 1190 and 1191/Mds/2005 dated 24.08.2007, reversed the order of the Assessing Officer, thereby allowed the appeals. As against the said order of the Commissioner of Income Tax (Appeals), the Revenue pursued the matter before the Income Tax Appellate T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en that the Tribunal relied on its own order in the case of in the case of SSM Estates Ltd. in I.T.A.Nos.1189, 1190 and 1191/Mds/2005 dated 24.08.2007 and decided the issue in favour of the assessee. Challenging the said order of the Tribunal in the case of SSM Estates Ltd. in I.T.A.Nos.1189, 1190 and 1191/Mds/2005 dated 24.08.2007, the Revenue filed appeals before this Court in T.C.(A)Nos.468 to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... individual aspects of the business to come to the conclusion that it is a case of warehousing business and, therefore, would fall only under the head 'Business Income'. 9. In view of the well considered reasoning given by the Tribunal, we find no reason to differ with the findings of fact recorded by the Tribunal, which reasoning is fully justified in the facts of the present case. Thi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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