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2015 (1) TMI 1247 - AT - Income TaxTreatment to rental income - ‘income from other sources’ OR ‘income from house property’ - disallowance of deductions claimed u/s 24 on such rental income” - Held that:- Keeping in view the decision of the Hon’ble Delhi High Court in the case of Niagara Hotels & Builders (P) Limited [2015 (4) TMI 625 - DELHI HIGH COURT ] as well as the decision of Manpreet Singh (2015 (2) TMI 159 - ITAT DELHI ), which is squarely applicable in the facts of the present case, I hold that the amount in question received by the assessee from M/s. Dishnet Co. Limited for use of terrace of the assessee’s house property for installation of tower is chargeable to tax under the head “income from house property” as claimed by the assessee. Accordingly, direct the Assessing Officer to bring the said amount to tax in the hands of the assessee under the head “income from house property” and allow deduction under section 24 of the Act, as claimed by the assessee. - Decided in favour of assessee.
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