Residential Flats held as stock in trade-Municipal rateable value to be adopted for determining income from house property In a…
Deduction of annual mixed used charge not allowable from house property income u/s 23(1) of the Income Tax Act 1961…
Rent of shops let out in shopping Mall if business income or income from house property – SC dismissed Revenue’s…
Separate agreement towards rent of property and hiring charges for equipment and services allowable. Revenue cannot prevent it merely for…
Rent of land not appurtenant to building is taxable as income from other sources. Rent only from buildings and land…
Addition on account of notional annual value u/s 23(5) of property held as stock in trade deleted by ITAT as…
Deemed Annual value of old dilapidated house not habitable set aside for verification as deemed provision u/s 23 not applicable…
Facility service charges apart from house rent taxable as business income. Amount received was for specific services like housekeeping, security,…
ITAT, Mumbai in a recent judgment has held that for determination of Annual Value of House property, u/s 23(1), whether the…
In a recent judgment Chennai ITAT has upheld the addition made for notional house rent under the provisions of section…