MAX FINANCIAL SERVICE LIMITED ,NAWANSHAHR vs. PRINCIPAL COMMISSIONER OF INCOME TAX -1, JALANDHAR
In the result, the appeal of the assessee is therefore partly allowed
ITA 121/ASR/2020[2015-16]Status: DisposedITAT Amritsar31 Mar 2021AY 2015-16
For Appellant: Shri Deepak ChopraFor Respondent: Smt.Prabhjot Kaur, CIT
Section 143(3)Section 263
house property is
occupied as residence by employees or its directors to
18
A.Y.2015-16
enable them to discharge their functions effectively and the
letting out is subservient and incidental to the main
business of the assessee, such an occupation amounts to an
occupation and user of the property by the assessee itself
for the purposes of its business. Clearly
