Income from letting-out building with other facilities in industrial park is taxable as Business Income : High Court

By | October 8, 2021
(Last Updated On: October 8, 2021)

 

Income from letting-out building with other facilities is taxable as Business Income : High Court

Authorities erred in treating the business income derived from complex commercial activities of letting out buildings along with the other amenities in an industrial park partly as income from house property and partly as income from other sources

 

Held by High Court

Yes. Authroies erred. It is taxable as business income

 

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