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2003 (1) TMI 13 - ANDHRA PRADESH HIGH COURT"1. Whether Tribunal was justified in holding that there was a valid partnership in law and consequently the assessee was entitled to registration and continuation of registration? 2. Whether, Tribunal was justified in holding that the letting out godown would amount to carrying on of business within the meaning of the Partnership Act? - In the instant case, there is no such evidence available on record to suggest that the assessee had undertaken any such systematic business activity of construction of godowns and letting them out as business property. - Held that the Assessing Officer rightly assessed the income derived by the assessee as that of the income from the property and not of business. We are of the opinion that the assessee is not entitled for any registration and continuation of the same in terms of section 185(1)(a) - Questions are answered in favour of the Revenue and against the assessee
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