Tax on Rent Income forming Part of complex commercial activity

If letting out could be demonstrated as part of complex commercial activity then rental income is to be assessed as income from business

RELEVANT PARAGRAPHS

10. We have considered the rival submissions and perused the record of the case. From the various case laws cited by Id Counsel for the assessee and discussed in detail by the lower revenue authorities, the following two principles are clearly discemable. Firstly, if the income has been

Please become a Premium member. If you are already a Premium member, login here to access the full content.