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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Nature of Sum receive from TELCO - exploitation of the ...


Court Rules TELCO Income Not Solely House Property; It's From Commercial Asset Use in Business Operations.

October 7, 2015

Case Laws     Income Tax     HC

Nature of Sum receive from TELCO - exploitation of the commercial assets of the Assessee which are integral to the running of the business - It would be erroneous to treat the entire income received from TELCO as income from house property as has been sought to be done by the AO. - HC

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