The Lucknow bench of the Income Tax Appellate Tribunal (ITAT) has recently ruled that the income received by the assessee by sub-letting a property (warehouse) for commercial purpose would be taxable as “Income from other sources” and not under the head “income from house property” under the Income Tax law. The assessee claimed that it […]
The post Rent from Sub-Letting of Warehouse is “Other Income”: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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