Court :
Karnataka High Court
Brief :
The letting of the buildings is inseparable from the letting of the said machinery, plant or furniture, and the intention is to carry on the business of letting out the commercial property and carrying out complex commercial activity and getting rental income therefrom, then such a rental income falls under the heading of "Profits and gains of business or profession"
Citation :
Rao Computers Consultants (P.) Ltd. v. Deputy Commissioner of Income-tax (OSD), Circle 5(1)(1), Bangalore [2021] 128 taxmann.com 408 (Karnataka)
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