Sub-Letting Charges to Industrial Authority Allowable against Rental Income

Western Industrial Cooperative Estate Limited Vs DCIT (ITAT Mumbai) The present decision of the Income Tax Appellate Tribunal (ITAT), Mumbai, concerns appeals filed by a co-operative society for Assessment Year 2017–18 against orders passed by the National Faceless Appeal Centre (NFAC). The central dispute related to the correct head of income under which rental receipts from the society’s administrative building were taxable, along with consequential deductions and other related disallowances. The assessee, a registered co-operative society located in a MIDC industrial estate, had been al...