Treatment to rental income - income from other sources - Since ...

Assessee's Rental Income Distributed Among Co-Owners; Denial of Section 57 Deduction Prevents Double Taxation.

November 29, 2022

Case Laws Income Tax AT

Treatment to rental income - income from other sources - Since the income received by the assessee has been distributed amongst the co-owners of the property and the co-owners had declared the income in their respective income tax returns, the non allowability of deduction to the assessee u/s 57 will amount to double taxation of the same income which is not permissible. - AT

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Treatment to rental income - income from other sources - Since ...

Assessee's Rental Income Distributed Among Co-Owners; Denial of Section 57 Deduction Prevents Double Taxation.

November 29, 2022

Case Laws Income Tax AT

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