TMI BlogNature of income - rental income from letting out of some adjoining shops by the assessee company to one...Nature of income - rental income from letting out of some adjoining shops by the assessee company to one person - An independent let out of property could be possibly regarded as ‘business income’ only where some elements/characters of business is present. Dominant intention to let out property as ‘business activity’ is not shown to exist. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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