No Double Taxation of Same Rental Receipt: ITAT Mumbai Directs Deletion of Duplicate Addition on CNIL Licence Fee

Sharda Chambers Premises Co-Op Society Ltd Vs ACIT (ITAT Mumbai) The Mumbai Bench of the ITAT partly allowed the assessee’s appeal for AY 2013-14 in the case of Sharda Chambers Premises Co-operative Society Ltd., holding that the same rental/licence fee income cannot be taxed twice under different heads. The assessee, a co-operative housing society, had earned licence fee by permitting cellular companies to install telecom infrastructure on its premises. A sum of ₹5.77 lakh received from Chennai Network Infrastructure Ltd. (CNIL) was initially treated by the Assessing Officer as “Income ...