Inseparable Renting of workstations in building with amenities taxable as other Income

Telekon Media India Pvt. Ltd. Vs ITO (ITAT Delhi) The issue under consideration is when a building and plant, machinery or furniture are inseparably let out, then under Income Tax it will be taxable under head of house Property, business or other sources? As per section 22 of the Act, any annual value (rental income from leasing) of building or lands appurtenant thereto is chargeable under the head “income from house property” and during relevant period, deduction against such income under section 24(a) of the Act is allowable for a sum equal to 30% of the annual value. Further, the sectio...