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Case Law Details

Case Name : Active Securities Ltd Vs ITO (ITAT Delhi)
Related Assessment Year : 2010-11
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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

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