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

4. We have heard the parties, and perused the material on record. ITA Nos.192-193/Coch/2019 (AY 2012-2013 & 2015-16) Asst. CIT v. Knowell Realtors India (P.) Ltd. The Law 4.1 Income under the Act is to be assessed under any of the 6 (now 5) heads of income. Section 22 and 28 concern income from house property and business income

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