Merely because rental income earned on the property was shown as ...

Income Tax

November 23, 2014

Merely because rental income earned on the property was shown as business income, the property so held as investment cannot be treated as a stock-in-trade of the business ignoring the fact that “real estate business’ is separate from “rental income’ - AT

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Merely because rental income earned on the property was shown as ...

Income Tax

November 23, 2014

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