63 results for “house property”+ Section 11(1)(a)clear
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Bench: HON'BLE JUSTICE SURYA PRAKASH KESARWANI,HON'BLE JUSTICE RAJARSHI BHARADWAJ
11. The assessee claimed that the sum received by it for sub- licensing, is business income but the assessing officer has not accepted it and taxed the receipts as income from house property. The CIT (Appeal) allowed the appeal of the assessee and held the income to be income from business. The ITAT, after referring to section 27 (iiib