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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Treatment of ‘rental income’ as ‘income from other sources’ - ...


Rental Income from Factory: Taxed as House Property Income, Not Affected by 'Leave and License' Agreements.

July 6, 2019

Case Laws     Income Tax     AT

Treatment of ‘rental income’ as ‘income from other sources’ - receipts from its factory building - Whether there existed ‘leave and licence’ agreement and not ‘rental agreement’ would not change the colour of receipts in the hands of the assessee - Taxable as income from House Property.

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