Income from Lease Charges on Multiplex is Business Income: ITAT [Read Order]

Income tax - Lease Charges - Multiplex - Business Income - income - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that Income from lease charges on multiplex is business income. The assessee company, Deep Multiplex Pvt Ltd earned income from cinema complex given on lease to PVR Ltd. The assessee filed return of income for A.Y. 2015-16 on 29.09.2015 under Section 139 of the Income Tax…

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