Rental & Service Income Classification Mustn’t Change on Mere surmises

Swar Maya Infotech P. Ltd. Vs ITO (ITAT Delhi)

Introduction: The Income Tax Appellate Tribunal (ITAT) in Delhi recently analyzed the case of Swar Maya Infotech P. Ltd. against the Income Tax Officer (ITO). Central to this appeal was the categorization and treatment of rental and facility management service incomes.

Background: The appeal arose from an earlier decision by the Commissioner of Income Tax (Appeals) [CIT(A)] wherein the classification of certai

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