Monday, January 27, 2020

Income from letting out premises with various amenities assessable as income from house property

INCOME TAX: Where assessee entered into an agreement to let out a premises with various amenities, and for maintainance and upkeeping of said premises since assessee did not involve any kind of recurring, systematic and organized business activity and, moreover, in respect of maintenance and upkeeping of let out premises, it appointed only one person, Assessing Officer was justified in treating rental income assessable as 'income from house property' and services receipts as 'income from other s

from www.taxmann.com Latest Case Laws https://ift.tt/3aP8oMC

No comments:

Post a Comment

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...