Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (6) TMI 1184 - AT - Income TaxRental receipts from subletting of 'factory premises’ along with 'furniture & fixture’ after manufacturing activities have ceased should be taxed under the head 'Business income’ instead of 'income from other sources’ - Held that:- This Tribunal in assessee’s own case as above has held that the activity of the assessee cannot be treated to be that of letting of the property, but the same should be assessed under the business income as claimed by the assessee. Since the learned CIT(A) has followed the order of the ITAT, we do not find any infirmity in the order of learned CIT(A). Accordingly we uphold the same.
|