Intention of Assessee while Leasing Out of Property relevant to decide Tax Liability: ITAT [Read Order]

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that the intention of the assessee during letting out of the property is significant to determine whether such income is taxable as rental income or business income under the provisions of the Income Tax Act, 1961. The assessee, a Limited Liability Partnership Firm, […]

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