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2010 (12) TMI 547 - AT - Income TaxBusiness income or house property - The rental income received by the assessees was claimed to be the business income of the assessees on the ground that assessee was engaged in construction activities and letting of properties is one of the main business activity - Held that: undisputedly the assessee was engaged in the business of tobacco and commission and besides he has also derived income from letting out of the properties - Held that: assessee has constructed its properties at various places and were let out to different tenants for a longer period - The said assessee under the agreement with those occupiers are to provide service like watch and ward staff, electricity, water and other common amenities. Income derived by the assessees from the said office premises was offered for taxation as a business income and the same was assessed accordingly by the A.O - Appeal of the revenue are allowed
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