Since the assessee was the owner of the said main asset, the ...

Compensation for Using Building is "Income from House Property"; Other Assets and Licenses are "Income from Other Sources.

October 18, 2013

Case Laws Income Tax AT

Since the assessee was the owner of the said main asset, the compensation received by the assessee to the extent attributable to the use of building premises is chargeable to tax under the head "income from house property" while the compensation received for other assets and licences is chargeable to tax under the head "income from other sources" - AT

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Since the assessee was the owner of the said main asset, the ...

Compensation for Using Building is "Income from House Property"; Other Assets and Licenses are "Income from Other Sources.

October 18, 2013

Case Laws Income Tax AT

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