Rental income steel units & quarter situated in steel units is House property Income

ACIT Vs Modi Industries Ltd. (ITAT Delhi) We have perused the order passed by co-ordinate bench of Tribunal in assessee’s own case for A.Y. 2011-12 wherein proposition mooted out by the assessee that the rental income from letting out steel units and quarter situated in the steel units is to be treated as “income from house property” has been accepted by returning the following findings :- “ It is submitted that there is no error in the order of the CIT(A) holding that rental income of the steel unit is assessable as “income from house property”, as declared by the assessee. While ...