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2022 (4) TMI 714 - ITAT CHENNAICorrect head of income - treating the rental income as business income - only source of income is letting out the property - HELD THAT:- AO and the CIT appeal have rightly held that the appellant has treated the office complex as business asset as the assessee extended various services to the tenants, the rental income derived there from is to be assessed under the head business income. We are inclined to concur with the finding of the learned CIT appeal in treating the assessee’s rental income business income and denying the applicant assessee claim of standard deduction. Accordingly, the impugned order of the learned CIT appeal is sustained. - Decided against assessee.
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