The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the Rental Income received from letting out the property can be treated as “business income” if letting out of property is the business of the assessee-Company. In the instant case, the Commissioner of Income Tax invoked his revisional power to held that the rental […]
The post Rental Income is Business Income If Letting Out was Business of Assessee: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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