Rental Income
Last updated: 08 October 2007
Court :
CIT
Brief :
Citation :
Income from housing property or Income from business
C.I.T. Vs. Hotel Ratanada International P. Ltd. 05/09/2007
[2007] 293 ITR 557 (Raj)
Case Fact:
Whether, rental income received from hotel business which is not commenced is assessable under "Income from business"?
Decision:
Held by the Hon`ble Bench that, neither the construction of hotel is completed nor the hotel business is commenced. Therefore rental income received by the assessee is not assessable under the head " Income from business".
CA Nikita
Published in Income Tax
Views : 79
Comments
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
