The Kolkata bench of Income Tax Appellate Tribunal (ITAT) in Batram Properties Pvt. Ltd. v. ITO, held that the License Fee received from the tenants is subject to Income Tax under the head “Profit and Gains from Business or Profession” and not under the head “Income from House Property.” In the instant case, the assessee- […]
The post License Fee from Tenant is Business Income, not House Property Income: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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