Case Law Details
Case Name : G.R. Commercial Pvt. Ltd. Vs ITO (ITAT Delhi)
Related Assessment Year : 2005-06, 2006-07
Courts :
All ITAT ITAT Delhi
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Brief of the Case
ITAT Delhi held In the case of G.R. Commercial Pvt. Ltd. vs. ITO that the Supreme Court in the case of Chennai Properties and Investments Ltd. vs CIT (2015) 373 ITR 673 (SC) after considering all previous judgments of Supreme Court, held that where the main object of the assessee company is to acquire and hold properties and to let out those properties, then the rental income had to be treated as income from business and not as income from house property. In the present case, th
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