Income from housing property or business income::
Last updated: 18 May 2008
Court :
HC
Brief :
Held by the Hon`ble Bench that the income obtained was not merely because of the bare letting of the premises but also because of the facilities and services rendered and just as utilisation of accommodation for providing board and lodging facility to customer is a commercial activity, utilisation of space for providing shopping facilities is also a commercial activity. Therefore income form mall management and business centre is business income.
Citation :
PFH mall and retail management ltd Vs. I.T.O. 05/11/2007
[2008] 298 ITR (AT) 371(Kolkata)
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 1999/-
Offer Price : INR 999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
CA.Saibaburao Nanduri
Published in Income Tax
Views : 55
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
