Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (1) TMI 1917 - AT - Income TaxCharacterisation of income - addition as locker rent from the depositors - income from business or other sources - HELD THAT:- As i Mehsana District Central Co-operative Bank Ltd. [2001 (8) TMI 15 - SUPREME COURT] as held that locker rent derived by assessee was income from business of banking - no merit in levying locker rent on notional basis therefore, we are not inclined with the decision of the Ld. CIT(A). Appeal of the assessee is allowed.
|