Income of lease rental earned from property along with ...
Lease Rental Income from Property with Workstations Classified as "Income from Other Sources" u/s 56(2)(iii) of Income Tax Act.
July 23, 2020
Case Laws Income Tax AT
Income of lease rental earned from property along with facilities - Income from Other sources - The workstation in the form of plant and machinery are inseparable from the building and for exploitation or use of the workstation, the use of the building is incidental. - where the letting was inseparable, section 56(2)(iii) was rightly invoked.
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