Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC [Read Order]

The rental income should be taxed as 'income from house property,' qualifying for deductions under Section 24 of the Income Tax Act, 1961.
Delhi High Court - House Property - Rental Income - Building Tax - Taxscan

In a recent judgement, The Delhi High Court ruled that rental income from a factory building is classified as income from house property and is eligible for deductions under Section 24 of the Income Tax Act, 1961. The issue to be decided was whether the Income Tax Appellate Tribunal ( ITAT ) erred in overturning…

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