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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

The main activity of the assessee was not earning rental income ...


Rental Income from Flats Deemed Incidental; Assessed as Business Income for Trading Activities.

June 24, 2015

Case Laws     Income Tax     AT

The main activity of the assessee was not earning rental income rather it was an activity of trading in the flats. Rental was an incidental income - rental income is to be assessed as business income. - AT

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