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Case Law Details

Case Name : The Commissioner of Income Tax Vs M/s. Sileman Khan Mahaboob Khan (Telangana and Andhra Pradesh High Court)
Related Assessment Year :
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Brief of the case

In the present case the Hon’ble High Court held that Business is a continuous activity which is done year to year. Here, in this case the Assessee let out his godown and shown income as “Income from Business” instead of “Income from property” to which the Hon’ble High court do not agree and held that the income from the letting out godown will be “Income from Property” as it was not the continuous activity from year to year.

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