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2014 (2) TMI 186 - HC - Income TaxIncome from hoarding whether income from business or income from other sources - income of Municipal Corporation- Held that:- The Corporation merely charges licence fees to regulate granting licences for putting up hoardings in its property - If the Corporation, permits hoardings to be put up in its property by issuing licences, for which it charges licence fees and also charges licence fees from the owners allowing hoardings to be put up in their private properties, the same cannot be said to be business activity of the Corporation - Such licence fees are collected for regulating the activity of putting up hoardings to ensure that it does not damage the public safety and does not offend the public morality and decency - The collection from such licence fees is less than 1% of the total revenue of the Corporation - The view of the Tribunal that such income was not business income, but must be “income from other sources”, was justified - Decided against Revenue.
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