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2022 (10) TMI 679 - AT - Income TaxCorrect head of income - addition of maintenance charges received on let out property - assessable under the head "income from house property" or "income from other sources" - assessee is owner of two floors i.e., 8th & 9th floors in the property of Menon Eternity, Alwarpet, Chennai - HELD THAT:- The portion of clause 2.2 of lease deed entered into between the assessee and Fichtner Consulting Engineers (India) Ltd. clearly reveals that the services provided for the charge of maintenance charges is clearly distinguishable from the rental receipt for renting out the portion of the property and it is for only providing services. Once, these maintenance charges are attributable to the services provided, the same derived from providing services is to be considered under the head "income from other sources" as claimed by the assessee. Hence, we reverse the findings of the lower authorities on this issue and allow the appeal of the assessee.
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