- Wednesday, January 6, 2010, 2:28
- Income Tax Case Laws
- 25 views
It depends on the facts of each transactions, whether the letting out of the property is incidental and subservient dominant object of selling the property or not. If the property has merely been let out b> the assessee then the same cannot be held to be exploitation of the property for commercial purpose in view of the decision of the Hon'ble Shambhu Investment (supra). We. therefore, restore this issue to the file of the AC) for fresh consideration in the light of afor..
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- Sunday, May 17, 2009, 7:44
- Income Tax Case Laws
- 45 views
SUMMARY OF CASE LAW The principle of mutuality as enunciated by the Courts in various cases is applicable to a situation where the income of the mutual concern is the contributions received from its contributors. CASE LAW DETAILS Decided by: HIGH COURT OF DELHI, In The case of: Yum! Restaurants (Marketing) Pvt. , Ltd. v. [...]
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