Revenue from operation of hotel/resort taxable under the head “Business income”

Coronet Hotel Services & Suppliers Pvt. Ltd. Vs DCIT (ITAT Delhi)

ITAT Delhi held that revenue receipt generated from the operation of “Hotel/ Resort” is taxable under the head “Business income” and not under “House Property” as fixed amount was not received in fact revenue was generated on fluctuation basis.

Facts- The Assessee declared the revenue receipts generated from operations of “Hotel/Resort” as “rental income”. Subsequently the Assessee by

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