Income from Terrace space let out to mobile companies is house property Income

Kohinoor Industrial Premises Co–operative Society Ltd. Vs ITO (ITAT Mumbai) The terrace of the building cannot be considered as distinct and separate but certainly is a part of the house property. Therefore, letting-out space on the terrace of the house property for installation and operation of mobile tower / antenna certainly amounts to letting-out a part of the house property itself. That being the case, the observation of the Assessing Officer that the terrace cannot be considered as house property is unacceptable. As regards the observation of the learned Commissioner (Appeals) that the...