The Madras High Court has held that the rental income received by the company is assessable as income from ‘Profits and Gains from Business and Profession’ even if the principal object of the company is not letting out of properties. Earlier, the Tribunal concluded the matter in favour of the assessee and held that such […]
The post Rental Income can be treated as ‘Business Income’ even if Principal Object of Company is not Letting out of Properties: Madras HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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