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Income Tax - Highlights / Catch Notes

Home Highlights April 2024 Year 2024 This

Addition towards difference between the rental income received ...

Income Tax

April 22, 2024

Addition towards difference between the rental income received by the assessee from M/s.CFD, a partnership firm and rental income received by the partnership firm, M/s.CFD from three tenants - The tribunal sided with the trust, ruling that the Assessing Officer erred in attributing additional rental income to the trust, as the sub-leases were based on substantial enhancements made by the lessee, justifying higher rents from sub-tenants.

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