Lease rental income from letting out of warehouse constitutes business income

ITO Vs M/s Anjaneya Infrastructure Projects Pvt. Ltd. (ITAT Bangalore)

The appellant has not recovered major cost of the building and infrastructure and further provided a host of services/ specific requirements as its own cost. Hence we are of the opinion that warehouses constructed by the assessee are commercial assets and leasing out commercial property constitutes business income.

The question for consideration before us is regarding the treatment of income fr

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