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Case Law Details

Case Name : DDIT (I.Tax) Vs G. Raghuram (ITAT Hyderabad)
Related Assessment Year : 2005- 06
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When assessee exploits a property to derive rental income it has to be held that income realized by him by way of rental income from a building with other asset attached to the building, is to be assessed as `income from house property’ only. Where the assessee as the owner of the building was only exploiting the property as owner by letting out the same and realizing income by way of rent, such rental income was liable to be assessed under the head `income from house property’ ITAT, HYDERABAD DDIT (I. Tax) Vs G. Raghuram ITA No. 6/Hyd/2010, Decided ON April 30, 2010 ...
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