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2016 (7) TMI 167 - AT - Income TaxReceipt of rental income - “profit and gains of business or profession” OR “income from house property” - Held that:- We have gone through the decision of Mumbai Bench of the Tribunal in the case of Matru Ashish Co-operative Housing Society Ltd (2010 (8) TMI 1035 - ITAT MUMBAI), which is exactly on identical facts decided the issue that the income of the assessee-society is to be assessed as income from house property and not business income. Accordingly, respectfully following the decision of coordinate bench, we are of the view that the assessee has rightly treated the income from property, and we hold so. - Decided in favour of assessee
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