Court Rules Sub-Leased Land Income as 'Property Income' u/s 22 of Income Tax Act; Assessee Wins Appeal.

Correct head of income - rental income - assessee had got lease right from the Rajasthan govt. on the land for a period of 20 years - for the purpose of section 22 of the Act, the assessee is the deemed owner of the land and the assessee 's contention that sub-letting this land to L&T is to be considered as 'income from house property' - CIT(A) rightly granted relief to the assessee - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X