Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2010 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (10) TMI 561 - AT - Income TaxDisallowed - Rental income from plinths - Income from business and profession or House property - Rate of Depreciation plinths - Held that:- assessee's case is also covered by the cases of Narasingha Kar and Co. vs. CIT [1976 -TMI - 38316 - ORISSA High Court] - Therefore, it is held that the rental income from plinths and plinths and godowns is assessable under the head Income from business and profession - Accordingly, the AO is directed to allow the depreciation @ 10 per cent as claimed by the appellant - Decided in favour of assessee.
|