Income from housing property or business income
CA. A. Kumar
Author
Court :
Brief :
Citation :
Keyaram Hotels P. Ltd. Vs. Asst.C.I.T.
Decision:
Held by the Hon`ble Court that, assessee earned income by leasing the property, however neither commercial activity nor business activity carried out by the assessee even the object clause contained in MOA has not alter the nature of the activity of the assessee company. Therefore income from lease assessable as income from property
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
