Retained Amount from Security Deposit of leased housing property due to cancellation of Lease Deed is assessable under head ‘Income from House Property’: ITAT [Read Order]

By Aparna. M - On September 5, 2023 11:34 am - 2 mins read

Retained amount from Security Deposit of leased housing property due to cancellation of Lease - income from House Property - ITAT - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Chennai bench held that the retained amount from security deposit of leased housing property due to the cancellation of lease deed is assessable under the head ‘Income from House Property”. Assessee, GImpex House, is a resident corporate who is engaged in the manufacturing/ export of mineral ores. Assessee filed…

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Topics

Commissioner of Income Tax (Appeals)House Property ITAT ITAT Chennai Manoj Kumar Aggarwal