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2013 (12) TMI 591 - AT - Income TaxWhether income from lease rent taxable under the head “Income from businesss” or “Income from other sources” – Held that:- The assessee has not brought on record any material to show that it has intention to revive its business activities - The question whether the assessee is having an intention to revive its business activity is a question of fact and the same is required to be considered every year - Though the Government licences are still continuing in the assessee's own name, it has not proved the claim of the assessee that it had an intention to revive its business activity – Decided against Revenue. Expenses u/s 57 and 58 - Held that:- The assessee did not get opportunity to contend about the deduction of eligible expenses as per the provisions of sec. 57 - The issue remitted back for fresh examination at the end of the AO for the limited purpose of deduction of expenses.
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