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Assessment of income from running of business centre
Case Law Details
- Case Name
- Harvinderpal Mehta HUF Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2002- 2003
- Courts
- ITAT Mumbai
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RELEVANT PARAGRAPHS:
7. Rival submissions of the parties have been considered carefully. The question for our consideration is whether the income accruing to the assessee should be assessed as `business income’ as claimed by the assessee or partly as `income from house property’ and partly as `income from other sources’ as held by the Assessing Officer Officer. At the outset, we may mention that the Assessing Officer has committed-a mistake in computing the income arising from sublet property inasmuch as service charges received have been considered under the...
