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2019 (2) TMI 360 - AT - Income TaxCorrect Head of income - rental income from Operating Family Entertainment Center cum Mall and Maintenance Charges - Income from House Property or Profit and Gains from Business or Profession - Held that:- As decided in assessee's own case [2017 (7) TMI 779 - BOMBAY HIGH COURT] the intention of the Assessing Companies was to commercially exploit the property by way of complex commercial activities and it was not a case of letting out the property simplicitor. The rental income and the service charges thus were received by the Assessee Company as business income during the course of business carried out by them of operating and running a Mall as a commercial activity. - Decided against revenue
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