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2022 (12) TMI 1307 - AT - Income TaxIncome deemed to accrue or arise in India - definition of ‘interest’ as provided under article 12 of the India –U.K. DTAA - justification on the part of the lower authorities in treating the receipts of the assessee as ‘income from other sources’ - whether income was rightly declared as Rental Income under the head House Property and the Statutory Deduction of 30% was rightly claimed? - HELD THAT:- We see no reason to deviate from the view already taken by the Coordinate Benches and following the same, the amount received by the assessee is in the nature of interest taxable @ 15% under Article 12 of India-UK DTAA. In the result, ground of the assessee’s appeal is allowed in favour of the assessee and against the Revenue.
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