Nature of income - rental income from letting out of some ...

Rental Income from Adjoining Shops Not Classified as Business Income Due to Lack of Business Intent.

January 20, 2020

Case Laws Income Tax AT

Nature of income - rental income from letting out of some adjoining shops by the assessee company to one person - An independent let out of property could be possibly regarded as ‘business income’ only where some elements/characters of business is present. Dominant intention to let out property as ‘business activity’ is not shown to exist.

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Nature of income - rental income from letting out of some ...

Rental Income from Adjoining Shops Not Classified as Business Income Due to Lack of Business Intent.

January 20, 2020

Case Laws Income Tax AT

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