Income form housing property ::
Court :
High Court
Brief :
Held by the Hon`ble Court that, there is service-cum-lease agreement and if it is necessary, the authorities have to bifurcate a portion of rental receipt into various heads, in the interest law.
Citation :
A.R. Complex Vs. C.I.T.
Income form housing property
A.R. Complex Vs. C.I.T. 06/12/2007
[2007] 292 ITR 615 (Mad)
Case Fact: Whether, any income received from property is taxable as income from housing property?
Decision: Held by the Hon`ble Court that, there is service-cum-lease agreement and if it is necessary, the authorities have to bifurcate a portion of rental receipt into various heads, in the interest law.
CA.Saibaburao Nanduri
Published in Income Tax
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