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Receipts from leasing of cinema hall with furniture & fixtures, plant & machineries and other amenities, was “business income”
Case Law Details
- Case Name
- Deep Muliplex P.Ltd. Vs DCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All High Courts, ITAT Ahmedabad
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Deep Muliplex P. Ltd. Vs DCIT (ITAT Ahmedabad)
The question before us is, whether the receipts derived from leasing out of the cinema hall, along with furniture & fixtures, plant & machineries and other amenities, was ‘business income’ as contended by the assessee or ‘income from other sources’ as treated by the Department.
During the course of hearing judgment of Hon’ble jurisdictional High Court in the case of CIT Vs. Tirupati Organizers P.Ltd.(supra) which has been relied upon by the ld.counsel of the assessee. In this case, the assessee entered into a jo...
