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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Addition of income from amenities – assessee as the owner of the ...

Income Tax

December 10, 2014

Addition of income from amenities – assessee as the owner of the building was only exploiting the property as owner by letting out the same and realizing income by way of rent - taxable as income from house property - AT

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  4. Income from house property - Income received on leasing of land and building - the assessee had correctly shown the said income under the head “income from house...

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  8. Nature of rental income - Income from House Property or Business income - Deemed owner - assessee was entitled to have access to operate, manage and maintain the...

  9. Where the owner of the property exploited the property by leasing out the same and realised income by way of rent, the same was to be assessed under the head "Income...

  10. Addition u/s 69C - Unexplained expenses/premium - assessee did not furnish the source of payment of such expenses/premium - The case of assessee throughout the...

  11. Nature of income - entire building was leased to tenants registered under the Software Technology Parks Scheme - Various Amenities / services were also provided -...

  12. Deduction u/s. 24(a) equal to 30% - Rental income from fixture, fittings and amenities - separate agreements for let out of the property and for providing amenities -...

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