Nature of rental income - Income from House Property or Business ...

Case Laws Income Tax

April 15, 2023

Nature of rental income - Income from House Property or Business income - Deemed owner - assessee was entitled to have access to operate, manage and maintain the Licensed Space at the Specified Area during the License Period - No semblance of any characteristics of transactions for which Section 53A of the Act is applicable and there is no question of assessee being a deemed owner, so as to account for rent as income from property and not business income. - AT

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Nature of rental income - Income from House Property or Business ...

Case Laws Income Tax

April 15, 2023

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