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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Nature of Lease Rent Received - Income from business or house ...


Court Rules Lease Rent Income Taxable as Income from House Property, Not Business Income or Other Sources.

September 9, 2013

Case Laws     Income Tax     AT

Nature of Lease Rent Received - Income from business or house property or other sources - Lease agreements - furnishing of floors of the building given on rent - agreement to provide maintenance and up- keeping of building, floor, furniture & fixtures and other equipments installed in the said premises - Principle of res judicata - Taxable as income from house property - AT

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