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2015 (11) TMI 627 - AT - Income TaxIncome of the assessee - whether assessable under the head "Income from house property" or "other sources" - Held that:- As held in Chennai Properties and Investments Ltd. v. CIT [2015 (5) TMI 46 - SUPREME COURT] held that holding of property and earning of income by letting out those property is the main business of the assessee, the income arising thereon is liable to be assessed under the head "Income from business" and cannot be treated as "income from house property." Thus we restore the matter back to the file of the Assessing Officer for deciding afresh after considering the proposition of law laid down - Decided in favour of assessee for statistical purposes.
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