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2014 (11) TMI 1214 - GUJARAT HIGH COURTCorrect head of income - Rental income from letting out of warehouses/godowns - business income or income from house property - HELD THAT:- As decided in own case [2014 (11) TMI 895 - GUJARAT HIGH COURT] Rental income from letting out of warehouses/godowns together with various services rendered to the occupant did not constitute a business activity of the appellant and as such the income arising therefrom was not assessable under sec. 28 of the Income-tax Act, 1961 as business income. We, therefore, answer the questions raised in the present appeal in the affirmative - Decided in favour of the revenue and against the assessee.
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