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2016 (12) TMI 44 - AT - Income TaxReceipt of rental income - Nature of income - income from house property or income from business - Held that:- Since in the instant case the assessee has shown the shops under the head ‘investment’ and has received rental income from such shops which were let out, therefore, such income in my opinion should be held as ‘income from house property’ and not as ‘business income’. The various decisions relied on by the CIT(A) are distinguishable and not applicable to the facts of the present case. Accordingly, the order of the CIT(A) is set aside and the ground raised by the assessee is allowed.
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