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2021 (8) TMI 150 - AT - Income TaxCorrect head of income - income received from renting of terrace - 'Income from Other Sources' or 'Income from House Property' - AO disallowing claim for deduction under Section 24(a) of the Act, and bringing the same to tax under the head 'Income from Other Sources' - HELD THAT:- After hearing both the parties, we find that this issue is now settled by the decisions of the Co–ordinate Bench of the Tribunal in Mahalaxmi Sheela Premises CHS Ltd. v/s ITO [2011 (8) TMI 1229 - ITAT MUMBAI] wherein it has been held that the income on account of hoarding and display from terrace is liable to be taxed as income from house property. Assessee’s appeal is allowed.
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