7 results for “house property”+ Section 200clear
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In the result, appeal of the revenue and the cross-objection of the assessee are dismissed
Bench: Shri Rajpal Yadav, Hon’Ble & Dr. Manish Borad, Hon’Ble]
200/- and Rs.88,227/- as business income. Brief facts regarding this issue is that, during the course of its business activity i.e., manufacturing of tea, certain scrap value has been generated. The assessee has sold gunny bags and other items, which are by- product of its business activity as well as manufacturing activity. The Assessing Officer has treated sale proceeds