Rental income from business centre is business income

ITAT MUMBAI BENCH ‘A’ Krishna Land Developers (P.) Ltd. versus Assistant Commissioner of Income-tax IT Appeal No. 5045 (Mum.) of 2011 [ASSESSMENT YEAR 2006-07] Date of AUGUST 8, 2012 ORDER Amit Shukla, Judicial Member The present appeal preferred by the assessee, is directed against the impugned order dated 27th April 2011, passed by the learned Commissioner (Appeals)-V, Mumbai, for the quantum of assessment passed under section 143(3) of the Income Tax Act, 1961 (for short “the Act”) for assessment year 2007-08, on the following grounds:- “1. O...