The Income Tax Appellate Tribunal (ITAT), Mumbai has held that the income received from the property given on leave and license basis till the approval of real estate project is in the nature of the business income. Initially, the Assessee was engaged in the business of manufacturing of engineering goods/ components/ spares which was discontinued […]
The post Receipt from Property given on Leave and License basis till Approval of Real Estate Project is Business Income: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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