The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the rental income received after the purchase of an already let out warehouse is taxable as income from house property. The Tribunal clarified that the said income cannot be treated as business income even though the assessee is engaged in business of […]
The post Rent received after purchase of already let out Warehouse is ‘House Property Income’: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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