Thursday 11 June 2015

Income from letting out shops in a complex without any incidental services is taxable as income from

IT : Where assessee having constructed commercial complex, let out shops to various parties, in view of fact that it was a case of renting simplicitor and services incidental to letting out did not constitute such complex character so as to render it as a business by itself, rental income in question was to be taxed as 'income from house property'

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