Case Law Details
Case Name : Radiant Premises Pvt. Ltd Vs ACIT (ITAT Mumbai)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Mumbai
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CA Suraj R. Agrawal
Brief of the Case:-
The brokerage paid to the third party has nothing to do with the rental income paid by the tenant for enjoying the property to the owner therefore brokerage cannot be said to be a charge that has been created in the property for enjoying the rights and at best it is only an application of income received/receivable from rent
Case Summary:-
Facts of the case:
The assessee company is in the business of finance and leasing of premises.
In the books of account the assessee had shown rental income of Rs.1,29,13,475/- on letting out of offi...
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Author Bio
Thank You Taxguru and CA Suraj R. Agrawal
Very useful information