2023 (1) TMI 1021

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..... l noted that GNFC Limited had shown lease rent as income under the head Business income and in case of the lessor, the issue had been consistently decided that the assets were owned by the GNFC, and therefore, the lease rent received by the assessee was to be assessed as business income - HC held that Tribunal, has committed no error in allowing the appeal of the assessee - as per Revenue that t .....

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..... dur Yadav, AOR For the Respondent : Mr. Manish J. Shah, Adv. Mr. D.N. Ray, Adv. Mr. Dillip Kr. Nayak, Adv. Ms. Disha Ray, Adv. Mrs. Sumita Ray, AOR ORDER UPON hearing the counsel the Court made the following Having heard learned counsel for the respective parties and from the material on record, it appears that now it is the case on behalf of the Revenue that the respondent being .....

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