Terrace rental income - income from house property OR income ...

Classify Terrace Rental Income as Property Income, Not Other Sources, Due to Its Integral Role in Building.

December 18, 2017

Case Laws Income Tax AT

Terrace rental income - income from house property OR income from other sources - The terrace floor cannot exist in the air. It is part of the building which has been constructed on the land beneath the super-structure. It is, therefore, not correct to hold that the terrace does not have any appurtenant land - AT

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Terrace rental income - income from house property OR income ...

Classify Terrace Rental Income as Property Income, Not Other Sources, Due to Its Integral Role in Building.

December 18, 2017

Case Laws Income Tax AT

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