The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ), in DCIT v. M/s. Tierra Landpro LLP, held that the income received under a Leave & License Agreement constitute “Profit and Gains from Business or Profession” and not “Income from House Property”. While dismissing an appeal filed by the Revenue against the order […]
The post Income received under Leave and License Agreement is Business Income: ITAT allows Administrative Expenses [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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