TMI BlogMall Operations Income Taxed as Business Income Under Tax Laws: Commercial Exploitation of Properties Confirmed.The income earned by the assessee from running and operation of Mall and a provision of host of other services and utilities is to be construed as commercial explanation of its properties and is exigible to tax as ‘business income’ - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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