TRAVANCORE SUGARS AND CHEMICALS LTD vs. DEPUTY COMMSSR;INCOME TAX,C-I,THIRUVALLA
ITA/279/2010HC Kerala31 Mar 2022
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS,HONOURABLE MR.JUSTICE BASANT BALAJI
house property or forms part of business income. Rental income
from a property including a commercial asset is claimed as
business income; in such cases, the comprehensive tests laid
down in Sultan Brothers Private Ltd and Universal Plast Ltd are
applied. Therefore, the view in Malabar and Pioneer Hosiery (P.)
Ltd is a view expressed by the Division Bench
