Income received by the assessee for letting out of Malls is ...

Income received by the assessee for letting out of Malls is assessable under the head “Income from...

May 24, 2016

Case Laws Income Tax AT

Income received by the assessee for letting out of Malls is assessable under the head “Income from profits and gains of business or profession” - Income received from letting out of fit-outs is assessable under the head “Income from other sources” - AT

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Income received by the assessee for letting out of Malls is ...

Income received by the assessee for letting out of Malls is assessable under the head “Income from...

May 24, 2016

Case Laws Income Tax AT

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Mall upkeep and promotional fees received by the assessee - amount of maintenance charges received were business receipts assessable under the head 'business income'.... - HC

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Service charges received by the assessee from tenants - Income from house property or business income - service charges received by the company from the tenants is...

Correct head of income - income from letting out of warehouses or property to lessees - in cases where the earning of the rental income is the exclusive or predominant...

Capital gain computation or Income from other sources - compensation received by the assessee on extinguishment of his right in property - transfer of asset u/s 2(47) -...

Correct head of income - Income from leasing or letting out the properties in shopping-cum-entertainment Mall - “income from business” or “income from house property” -...

The High Court held that rent income derived from letting out properties by the assessee should be treated as 'Income from Profits and Gains of Business' and not 'Income...

Correct head of income - Lease rent received - to be treated as business income or as income from other sources - There was no attempt to exploit the commercial assets...

Characterization of income - license fee received by the assessee for licensing a fully furnished hotel along with license to run the hotel is a business receipt, which...

Nature of income earned by the assessee from letting out of property - undoubtedly the main objects of the assessee company provides to carrying on the business of...

Treatment of property lease income as income under the head “Profits and Gains of Business or Profession” - the nature of business of the assessee as “Operation of Mall’...

Rent received - whether the letting is a composite or inseparable letting - Income to be taxed under the head Income from other sources - HC

Rent received - the rental income of the assessee from letting out building along with said amenities is a "composite rental income" assessable under the head "income...

Income from house property - Deemed let out value of the closing stock - the unsold flats which are stock in trade when they were sold they are assessable under the head...

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