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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Nature of income from ‘Dilli Haat.’ - income of ₹ 1.82 ...


Authorities Correct Misclassification: Rs. 1.82 Crore Income from Dilli Haat Craft Stalls is Business Income, Not Property Income.

April 14, 2018

Case Laws     Income Tax     AT

Nature of income from ‘Dilli Haat.’ - income of ₹ 1.82 crore earned by the assessee from use of craft stalls on 15 days basis is ‘Business income’ and has been erroneously considered by the authorities below as ‘Income from house property’. - AT

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