Rent from letting out shop rooms in mall taxable as Business Income

CIT Vs M/s. Oberon Edifices & Estates (P) Ltd (Kerala High Court)

Conclusion –

Amount received by letting out the shop rooms in the mall is business income taxable under the head ‘Profits and gains of business’.

Facts –

Assessee constructed shopping mall and let out the shop rooms. Assessee while filing the ROI treated amount received from letting out of the shops under the

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