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2010 (8) TMI 1035 - AT - Income TaxCorrect head of income - rent received for allowing the use of terrace area - 'Income from Other Sources' or 'Income from House Property' - assessee has shown an amount as rent received from Reliance Telecom and after deducting an amount being deduction u/s. 24(a) @ 30 per cent from the above amount and as shown an amount as income from house property. HELD THAT:- As relying on S. SOHAN SINGH. VERSUS INCOME TAX OFFICER. [1985 (11) TMI 90 - ITAT DELHI-C] we are of the view that the letting out of the terrace has to be assessed under the head income from house property subject to deduction u/s 24 as against income from other sources assessed by the AO. We hold and order accordingly. The ground taken by the assessee is, therefore, allowed.
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