THE ACIT, CORP CIRCLE-1(2), KOCHI vs. M/S.KNOWELL REALTORS INDIA P. LTD, KOCHI

In the result, the Revenue’s appeals are allowed

Bench: Shri Sanjay Arora, Am &Shri Manomohan Das, Jm

depreciation (CIT v. Alps Theatre [1967] 65 ITR 377 (SC)), and building, being held as SIT, realizable on transfer, either by way of sale or lease, i.e., as a part of its business. Other Arguments 4.5 The assessee claiming a past history of acceptance of income arising thus as income from house property

THE ACIT, CORP CIRCLE-1(2), KOCHI vs. M/S.KNOWELL REALTORS INDIA P. LTD, KOCHI

In the result, the Revenue’s appeals are allowed