Correct head of Income - income towards Mall Operating Revenue - ...

Mall Revenue Classified as Business Income, Not Property Income, for Tax Purposes; Adheres to Consistency Principle.

September 13, 2021

Case Laws Income Tax AT

Correct head of Income - income towards Mall Operating Revenue - taxable under the head Income from House Property or Income from Business and Profession - principle of rule of consistency - AO directed to treat the impugned income earned by the assessee under “profit and gains from business or profession”. - AT

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Correct head of Income - income towards Mall Operating Revenue - ...

Mall Revenue Classified as Business Income, Not Property Income, for Tax Purposes; Adheres to Consistency Principle.

September 13, 2021

Case Laws Income Tax AT

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