Rental Income Not Business Income Due to Presence of Multiple Business Activities: ITAT Delhi

Sumrit Impex Pvt. Ltd. Vs Assessment Unit (ITAT Delhi) In Sumrit Impex Pvt. Ltd. vs Assessment Unit, the Income Tax Appellate Tribunal, Delhi Bench, adjudicated an appeal for Assessment Year 2022–23 against an order passed by the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre under Section 143(3) of the Income-tax Act, 1961. The assessee initially raised a legal ground contending that the case, selected for limited scrutiny, had been incorrectly treated as a complete scrutiny by the lower authorities. The Tribunal rejected this contention after considering the Revenueâ...