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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Rental income received by the appellant from sub-letting of the ...

Income Tax

January 14, 2020

Rental income received by the appellant from sub-letting of the "Kantilal House" premises to Bank of Baroda - taxable either u/s.22 or u/s.56 - for the purpose of Sec. 27(iiib) r.w.s. 269UA(f)(i), the assessee was deemed owner of the property and therefore, the stated income was rightly brought to tax by revenue authorities as Income from House Property

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