Rental income or otherwise - mesne profit - TAT was right in ...

Case Laws Income Tax

November 5, 2020

Rental income or otherwise - mesne profit - TAT was right in holding that mesne profits and interest on mesne profits received under the direction of the Civil Court for unauthorised occupation of the immovable property of the assessee by Indian Overseas Bank-the erstwhile tenant of the appellant, was liable to tax u/s 23(1) of the Act, since mesne profits, and interest on mesne profits, in the facts of the present case constitute revenue receipt. - HC

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Rental income or otherwise - mesne profit - TAT was right in ...

Case Laws Income Tax

November 5, 2020

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