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Case Law Details

Case Name : M/s Rayala Corporation Pvt. Ltd. vs. ACIT (Supreme Court)
Related Assessment Year :
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CA Saurabh Chokhra

Rental Income from business of leasing out house properties taxable as business income and not income from House property

Brief of the case:

  • The Hon’ble Supreme court in the above cited case held that if the assessee is engaged in the business of leasing out house properties then the rental income shall be taxable as business income and not income from house propert

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