Sum received from letting out shop in mall along with various amenities to be taxed as business income

INCOME TAX: Where assessee leased out shops in a mall alongwith various other facilities and amenities, in view of fact that it was not a case of giving shops on rent simplicitor rather assessee desired to enter into a business of renting out commercial space to interested individuals and business houses, amount received by assessee from said activity was to be brought to tax as business income

from www.taxmann.com Latest Case Laws https://ift.tt/2PRFqVP