Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (12) TMI 258 - AT - Income TaxBuilding Let out, used as a hostel premises/transit facility is assessable under "House Property" OR "Business Income" - Three Agreements: lease, provision and maintenance of amenities and facilities - Held That:- All agreements are complementary, supplementary and have cross reference. There is no scope of any segregation of the consideration into separate streams. The entire income, the net of expenses, which the assessee undertakes as a business organisation, has to be treated as business income.
|