Case Law Details
Case Name : Active Securities Ltd Vs ITO (ITAT Delhi)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Delhi
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Active Securities Ltd Vs ITO (ITAT Delhi)
Receipt of rental income from letting out of building along with furniture, fixtures, etc., would be taxable as ‘Income from other sources’
Conclusion: Income from letting-out commercial complex equipped with various amenities and facilities as a whole would be taxable as ‘Business income’ under the head Income from other sources and not ‘Rental income’ under the head Income from house property as assessee had established that the properties were held as commercial assets and same was exploited for busine
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.