2019 (11) TMI 1238 - SCH - Income Tax

Income received by way of rent - ITAT treated as business income - nature of income - Rental income and the service charges thus were received by the Assessee Company as business income during the course of business carried out by them of operating and running a Mall as a commercial activity - HELD THAT - The appeal and pending applications are dismissed as withdrawn, leaving question of law open.

Summary

The Supreme Court allowed the Appellant to withdraw the Appeal as the tax amount involved was less than two crores. The appeal and pending applications were dismissed as withdrawn, leaving the question of law open.