Godown Rent cannot be treated as business Income as it’s not a continuous activity from year to year
Case Law Details
Case Name : The Commissioner of Income Tax Vs M/s. Sileman Khan Mahaboob Khan (Telangana and Andhra Pradesh High Court)
Appeal Number : I.T.T.A. No. 316 of 2003
Date of Judgement/Order : 11/03/2015
Related Assessment Year :
Courts :
All High Courts Andhra Pradesh HC
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Brief of the case
In the present case the Hon’ble High Court held that Business is a continuous activity which is done year to year. Here, in this case the Assessee let out his godown and shown income as “Income from Business” instead of “Income from
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