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M/s. KEYARAM HOTELS P. LTD. Versus THE DEPUTY COMMISSIONER OF INCOME TAX, COMPANY CIRCLE II (4) CHENNAI

2015 (12) TMI 306 - SUPREME COURT OF INDIA

Income derived from commercial properties – Business income or income from house property - The assessee company is deriving rental income from letting out a commercial complex apart from income from other sources – Held that:- The Special Leave Peti .....

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all – the AO computed the income under the head 'income from house property' - in East India Housing and Land Development Trust Ltd Vs. CIT [1960 (11) TMI 7 - SUPREME Court] the similar matter has been decided - If the income from a source falls with .....

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nder the specific head described in S.9 - even if the assessee's business was in real estate, the income on letting out of the property was to be assessed as "income from house property - the rental income would not have been realised, but for the le .....

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