TMI BlogCorrect head of income - Rental income - where, in the terms of memorandum of association, the main...Correct head of income - Rental income - where, in the terms of memorandum of association, the main object of the assessee given was to acquire properties and earn income by letting out the same, such income was brought to books as business income and not as income from house properties - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
|