Income from Letting Out properties along with other Amenities are chargeable to Tax  under  head ‘’Income from Business” : ITAT deletes revision order

Income - Letting Out - Amenities - Tax - Income from Business - ITAT - deletes revision order - Income from Letting Out properties - taxscan

The Income Tax Appellate Tribunal (ITAT) Jaipur  Bench held that Income from letting out properties along with other amenities are chargeable to tax under the head of Income from business . Therefore, the bench deleted the revision order passed under Section 263 of the Income Tax Act, 1961. The assessee Agrani Buildestate engaged in the…

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