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2014 (2) TMI 314 - AT - Income TaxIncome derived on providing amenities - Held that:- Relying upon the decision in Shambu Investments Pvt. Ltd. Vs. CIT [2003 (1) TMI 99 - SUPREME Court] - Income derived by assessee by letting out furnished premises on monthly rent basis to various parties along with furniture, fixtures, light, air-conditioners, etc., for being used as "table space" and also providing them common services like watch and ward staff, electricity, water and other amenities without any separate charges was assessable as income from property and not business income - The CIT(A) treated the receipts as income from from house property keeping in view the nature of amenities provided - Decided against Revenue.
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