Income from house property - sharing of revenue between the ...

Court Rules Revenue-Sharing Agreement Not a Sham; Income Properly Declared by Individual and Co-Licensors.

March 16, 2020

Case Laws Income Tax AT

Income from house property - sharing of revenue between the assessee and 6 other co-licensors - sham transaction or not - the agreement dated 20/04/2009 could not be termed as sham agreement or an artificial structure with a view to evade tax liability. The said argument would be further weakened by the fact that proportionate income has already been offered to tax by the assessee as well as other 6 licensors. - AT

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Income from house property - sharing of revenue between the ...

Court Rules Revenue-Sharing Agreement Not a Sham; Income Properly Declared by Individual and Co-Licensors.

March 16, 2020

Case Laws Income Tax AT

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