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2017 (11) TMI 1562 - AT - Income TaxNature of income - Rent received - 'Income from house property' OR 'Income from other sources' - Held that:- Consistent with this view taken in the earlier years on similar set of facts which are permeating in this year also and as a matter of judicial precedence, we agree with the assessee's contention and hold that the income/receipts from PVR Ltd. is to be assessed under the head "income from house property" and the assessee shall be entitled for all statutory deduction as are permissible under the law including standard deduction of 30 per cent. This ground raised by the assessee (Revenue) is dismissed.
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