Clarification on head of income
This query is : Resolved
28 January 2016
rental income frm comml. complex shall be treated as business income or income from house property
28 January 2016
Income from letting out of commercial building is assessable under income from house property.
Citation:- Shambu Investment P ltd Vs. CIT [2003] 263 ITR 143[SC].
Citation:- Shambu Investment P ltd Vs. CIT [2003] 263 ITR 143[SC].
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