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2017 (5) TMI 116 - AT - Income TaxRental receipt from letting out commercial properties - the assessee is involved in the activity of taking lands lease and construction of commercial buildings and let out the same on monthly rental - assessable under the head ‘income from profit & gains of business or profession’ or ‘income from house property'? - Held that: - the coordinate bench of this Tribunal, under similar circumstances held that rental income from letting out commercial properties is assessable under the head “income from profits and gains of business or profession” but not under the head “income from house property” - appeal dismissed - decided against Revenue.
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