Business Income or Income from House Property ??
Last updated: 03 September 2007
Court :
Tribunal
Brief :
The primary objective of the assessee is to be seen. If the main intention is to exploit the immovable property by way of commercial activities it must be held as business income.
Citation :
I.T.O. Vs. M/s Tejmalbhai and Co.
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CA.Saibaburao Nanduri
Published in Income Tax
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