This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Rental is House Property, Facilities are Business – ITAT Clarifies Income Head
Case Law Details
- Case Name
- Pankaj Enterprises Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Pankaj Enterprises Vs DCIT (ITAT Mumbai)
Mumbai Tribunal comprising delivered a significant ruling on classification of receipts arising from rental & facility agreements, while also deciding on several connected issues including municipal taxes, interest disallowance, insurance premium & ALV determination.
Assessee, a partnership firm engaged in providing call centre facilities & leasing out premises, had entered into a Leave & Licence Agreement dated 01.02.2013 with Aditya Birla Minacs Worldwide Ltd. for letting out units in Symphony IT Park. In addition, Assessee entered int...
Author Info
