INFOPARKS KERALA,TRIVANDRUM vs. THE JT DIRECTOR OF IT (OSD) EXEM), COCHIN
In the result, the assessee’s appeals are partly allowed
ITA 76/COCH/2015[2010-11]Status: DisposedITAT Cochin11 Aug 2023AY 2010-11
Bench: Shri Sanjay Arora, Am & Shri Aby T. Varkey, Jm
For Appellant: Sri. Rajakannan, AdvocateFor Respondent: Smt. J.M. Jamuna Devi, Sr.AR
Section 11Section 11(1)Section 12ASection 143(3)Section 2(15)
house property’ (IFHP), and cannot be treated as business income.
Reliance stood also placed by it on the decisions in Addl.CIT v. Surat Art and Silk
Mfrs. Assn. [1980] 121 ITR 1 (SC); CIT v. Gujarat Maritime Board [2007] 295 ITR
561 (SC); CIT v. Dawoodi Bohra Jamat [2014] 364 ITR 31 (SC); and DIT(E) v.
Sabarmati Ashram Gaushala
