Friday, November 2, 2018

Sum received on renting of terrace for installation of mobile tower taxable as house property income: ITAT

IT: Income earned by assessee from letting out space on terrace for installation of mobile tower/antenna was taxable as 'income from house property' and, therefore, deduction under section 24(a) was available in respect of it

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...