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".