Shooting Location Receipts: ITAT Sends Back House Property vs Business Income Issue

Shiva Ramprasad Nirmal Vs Office of the ITO (ITAT Mumbai) Shooting Location Receipts Need Fresh Look — ITAT Remands ‘House Property vs Business Income’ Dispute The Mumbai SMC Bench of the Income Tax Appellate Tribunal allowed the assessee’s appeal for AY 2020-21 for statistical purposes and remanded the matter to the Assessing Officer for fresh adjudication on the correct head of income. The assessee had offered income under section 44AD, claiming receipts from providing shooting locations to media and production houses as business income. During verification and reassessment proceedin...