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Rental Income from Sublease of Office Premises to be Considered for Section 10A Benefit
Case Law Details
- Case Name
- Subex Limited Vs. ITO (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2004-05
- Courts
- All High Courts, Karnataka High Court
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Subex Limited Vs. ITO (Karnataka High Court)
Karnataka High Court rules rental income from sub-lease of office premises as part of business profits eligible for Section 10A deduction.
Facts of the case:
Subex Limited (taxpayer), a public limited company, is engaged in the business of development and export of software. The taxpayer is a 100% Export Oriented Unit (EOU) approved by the Software Technology Park of India (STP).
The taxpayer had entered into a non-cancelable lease agreement for its branch office in Canada which was used for development of so...
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