35 results for “house property”+ Section 54(2)clear
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In the result, appeal of the assessee is allowed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
House property, Income from Business/Profession” and ‘Income from other sources”. Though, the nature of activities in both the proprietorship concerns is same i.e. wholesale trading of products of “Haldiram’s” but in M/s Pioneer Sales, the gross profit has been shown @ 3.47% whereas in M/s Apex Marketing it is 4%. The AO has failed to verify the reasons for difference