Case Law Details
Case Name : Agya Ram vs. CIT (Delhi High Court)
Appeal Number : ITA No.- 290-293/2004
Date of Judgement/Order : 01.08.2016
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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CA Saurabh Chokhra
Brief of the case:
The Hon’ble Delhi High Court in the case of Agya Ram vs. CIT held that there is difference between lease income and license income and when the deed of agreement specifically worded that income will be license income for assessee’s factory premises given on rent then the treatment made by the assessee of considering the same as business income to be prevailed over the general view of the AO that assessee is earning rental income assessable as Income from House Property.
Facts of the case:
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