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2014 (5) TMI 281 - HC - Income TaxRemand of order - Income from letting out of commercial complex Income from house property OR not Maintenance charges Income from other sources Held that:- The Tribunal was of the view that the income earned by the assessee from letting out the commercial complex should be brought to tax under the head 'income from business' - Relying upon COMMISSIONER OF INCOME TAX Vs. VELANKANI INFORMATION SYSTEMS (P) LTD. [2013 (8) TMI 113 - KARNATAKA HIGH COURT] - since the material placed on record does not clearly show that the assessee had other properties and that they are in the business of acquiring the properties and letting them out, the matter may be remanded to the AO to verify and/or to examine the case of the assessee, whether they are in the business of taking land and putting up commercial buildings thereon and letting out such buildings as their profession or business thus, the matter is remitted back to the AO for fresh adjudication Decided in favour of Revenue.
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