Godown Rent cannot be treated as business Income as it’s not a continuous activity from year to year
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 :
Courts :
All High Courts Andhra Pradesh HC
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
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.
< Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Kindly refer the citation of the judgment.
Thanks for this amazing information more information