ITAT Delhi Upholds Lease Rental Income as House Property: Applied Consistency Rule

ACIT Vs IHDP Globals Pvt Ltd (ITAT Delhi)

Income Tax Appellate Tribunal (ITAT) Delhi has dismissed an appeal filed by the Assistant Commissioner of Income Tax (ACIT) against IHDP Globals Pvt Ltd for the Assessment Year 2017-18. The Tribunal’s decision upholds the ruling of the Commissioner of Income Tax (Appeals) that rental income generated by the company from leasing out a property should be taxed under the head “Income from House Property” rather than “Profits and Gains from Business and Profession.” This judgment emphasizes the principle of consist

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