Taxability of rent when leasing is main object of assessee

Ambattur Infra Developers Vs DCIT (ITAT Chennai)

Conclusion – Main object of the assessee firm, as laid down in the partnership deed, includes leasing of industrial park hence the income of the assessee both from leasing the space as well as providing maintenance services had to be considered only under the head income from business.

Facts –

Assessee has given on rent an IT park called Ambit IT Park. Assessee has ent

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