Characterization of income - Income from giving furniture on ...

Furniture Hire Income Classified as Business Income, Not 'Other Sources', Based on Case Law and Asset Classification.

October 1, 2019

Case Laws Income Tax AT

Characterization of income - Income from giving furniture on hire - 'Income from Other Sources’ - Furniture and fixtures are business assets of the assessee, hence, income generated from giving furniture on hire is business income of the assessee.

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Characterization of income - Income from giving furniture on ...

Furniture Hire Income Classified as Business Income, Not 'Other Sources', Based on Case Law and Asset Classification.

October 1, 2019

Case Laws Income Tax AT

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