Accrual of income - ownership of land vested with the state ...

Income from Lease, Rent, and Interest Belongs to Maharashtra Govt; Assessee Acts as Government Agent.

June 4, 2021

Case Laws Income Tax AT

Accrual of income - ownership of land vested with the state government - Assessee is acting as an agent of the Government of Maharashtra and thus, the income in question in the form of lease premium, rent, interest on bank deposits, etc. does not belong to the assessee but to the Government of Maharashtra. - AT

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Accrual of income - ownership of land vested with the state ...

Income from Lease, Rent, and Interest Belongs to Maharashtra Govt; Assessee Acts as Government Agent.

June 4, 2021

Case Laws Income Tax AT

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