‘Transit Rent’ cannot be Taxed as ‘Revenue Receipt’: Bombay HC [Read Order]

Transit Rent not taxable as Revenue Receipt rules Bombay HC
Bombay High Court - Revenue Receipt - Transit Rent - cannot be Taxed Transit Rent - Bombay HC - Tax news - Taxscan

In a recent decision the Bombay High Court observed that ‘Transit Rent’ cannot be taxed as revenue receipt. The counsel for the petitioner sought clarification regarding the impugned order wherein the words “with the interest” should be deleted as according to him, the amount which has been withdrawn from the Court of the Small Causes,…

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