Rent u/s 194(I) ::
Last updated: 07 September 2007
Court :
High Court
Brief :
Held by the Hon"ble court that the use of land starts as the wheels of an aircraft coming into an airport touch the surface of the airfield and likewise the parking of the aircraft also is use of land. Hence the landing and parking fees charged is "rent" within the meaning of Explanation (i) of section 194(I).
Citation :
United Airlines Vs. C.I.T.
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CA.Saibaburao Nanduri
Published in Income Tax
Views : 36
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