Income from sub-licensing of shops with other services is Business Income: Calcutta HC [Read Order]

Kolkata High Court's division bench has ruled that revenue generated from subletting is accurately classified as business income
Calcutta High Court - Business Income - Business - TAXSCAN

The division bench of the Calcutta High Court quashed an order categorizing income from subletting as income from house property. The court concurred with the assessee’s assertion that income from subletting should be classified as business income. The petitioner, Oberoi buildings and Investment (P) Ltd through a sublicensing agreement, leased a building space from 28.09.1991…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now