ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

properties to earn rent, which was the business of the\nassessee, income so earned as rent should be treated as “business income” and\nnot as income from house

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

properties to earn rent, which was the business of the\nassessee, income so earned as rent should be treated as “business income” and\nnot as income from house

ARIHANT DEVELOPERS,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1 , KALYAN

In the result, all the above appeals of the assessee are\ndismissed

properties to earn rent, which was the business of the\nassessee, income so earned as rent should be treated as “business income” and\nnot as income from house

ARIHANT DEVELOPERS ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -1, KALYAN

In the result, all the above appeals of the assessee are\ndismissed

properties to earn rent, which was the business of the\nassessee, income so earned as rent should be treated as “business income” and\nnot as income from house

DCIT 2 2 1, MUMBAI vs. M S LUVISH INFOTECH PROJECTS PRIVATE LIMITED, MUMBAI

In the result, the appeal filed by the revenue bearing ITA

Bench: Shri Vikram Singh Yadav & Shri Anikesh Banerjeedcit (2)(2)(1), Mumbai Vs M/S Luvish Infotech Projects 5Th Room No.545, Floor, Private Limited, Aayakar Bhavan, M.K. Road, Cts 102/2, Sani Armaa, Raut Lane, Mumbai-400 020 Juhu, Vile Parle West, Mumbai-400 049 Pan : Aadcm4966H Appellant Respondent

Property Income as business income by the assessee while filing the return of income. But during the assessment proceedings, the Ld.AO treated this business income as “Income from House

MAKEWAVES SEA RESORTS PVT LTD,MUMBAI vs. THE DEPUTY COMMISSIONER OF INCOME TAX , CIRCLE -4(3)(1), MUMBAI

In the result, the appeal of the assessee is allowed

Bench: Smt. Beena Pillai & Smt. Renu Jauhrimakewaves Sea Rsorts Pvt. V/S. Dcit, Circle – 4(3)(1) Ltd. बनाम 6Th Floor, Aaykar Bhavan, Construction House – B, Mumbai-400020 2Nd Floor, 623, Linking Road, Khar(West), Mumbai-400052 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aaacm0673J Appellant/अपीलार्थी .. Respondent/प्रतिवादी

properties and the rental income received was shown as business income, the action of AO treating the rental income as income from house

PALM GROVE BEACH HOTEL PVT LTD,MUMBAI vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -13(1)(2), MUMBAI

In the result, the appeal is allowed

Housing FITA. No. 6332/M/2016\nA.Y.2012-13 11 Supreme Court held that since\nthe assessee company's main object, is to\nacquire and held properties and to let out these\nproperties, the income earned by letting out\nthese properties is main objective of the\ncompany, therefore, rent received from the\nletting out of the properties is assessable as\nincome from business

TODI INDUSTRIES PRIVATE LIMITED,MUMBAI vs. INCOME TAX OFFICER - 8(3)(2), MUMBAI, MUMBAI

properties\nowned by it, however, the income derived from the said premises\nwas offered for taxation as business income. The ld. AO required\nthe assessee to explain as to why the rental income should not\nbe treated as 'income from house

DCIT- 8(2)(1), MUMBAI vs. PIRAMAL ESTATES PRIVATE LIMITED , MUMBAI

In the result, both the appeals of the revenue are dismissed

business income and compute\nbusiness income as shown in return of income. The ground is allowed.”\n6.\nDuring the course of appellate proceedings before us, the ld. DR\nhas supported the order of assessing officer that income from service\ncentre should be taxed under the head income from house property

DIRECTI INTERNET SOLUTIONS PVT LTD,MUMBAI vs. ITO 5(1)(3), MUMBAI

In the result, the appeal of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

properties is in fact is the business of the assessee. The assessee therefore, rightly disclosed the income under the Head Income from therefore, rightly disclosed the income under the Head Income from therefore, rightly disclosed the income under the Head Income from Business. It cannot be treated as 'income from the house

DIRECTI INTERNET SOLUTIONS PVT LTD,MUMBAI vs. ACIT 5(1)(2), MUMBAI

In the result, the appeal of the assessee for assessment year

Bench: Shri Om Prakash Kant () & Shri Sandeep Singh Karhail ()

properties is in fact is the business of the assessee. The assessee therefore, rightly disclosed the income under the Head Income from therefore, rightly disclosed the income under the Head Income from therefore, rightly disclosed the income under the Head Income from Business. It cannot be treated as 'income from the house

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

business and profession" or"Income from other sources" (as the case may be). ITA Nos. 2246 to2251 & 2352 to 2357 /Mum/2023 M/s Island Star Mall Developers Pvt Ltd, Mumbai. Computation of income from a let out property Income chargeable to tax under the head "Income from house

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI SUBURBAN vs. DY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

business and profession" or"Income from other sources" (as the case may be). ITA Nos. 2246 to2251 & 2352 to 2357 /Mum/2023 M/s Island Star Mall Developers Pvt Ltd, Mumbai. Computation of income from a let out property Income chargeable to tax under the head "Income from house

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

business and profession" or"Income from other sources" (as the case may be). ITA Nos. 2246 to2251 & 2352 to 2357 /Mum/2023 M/s Island Star Mall Developers Pvt Ltd, Mumbai. Computation of income from a let out property Income chargeable to tax under the head "Income from house

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI SUBURBAN vs. DY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

business and profession\"\nor\"Income from other sources\" (as the case may be).\n11. The Ld.AR explained that the revenue authorities has\naccepted the method of offering of rental income for the\nA.Y.2016-17 to A.Y.2021-22, where the assessee has offered\nrental income under the income from house property

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI SUBURBAN vs. DY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

property and the common\narea maintenance charges under income from business\nand allow the deductions incurred wholly and exclusively\nfor earning the income and partly allowed the assesse\nappeal. Since we have decided the disputed issue of taxing\nof rental income under income from house

ISLAND STAR MALL DEVELOPES PRIVATE LIMITED,MUMBAI SUBURBAN vs. DY COMMISSIONER OF INCOME TAX, CIRCLE 6(3)(1), MUMBAI

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

Bench: Shri Br Baskaran & Shri Pavan Kumar Gadale

business and profession" or"Income from other sources" (as the case may be). ITA Nos. 2246 to2251 & 2352 to 2357 /Mum/2023 M/s Island Star Mall Developers Pvt Ltd, Mumbai. Computation of income from a let out property Income chargeable to tax under the head "Income from house

ASSISTANT COMMISSIONER OF INCOME TAX-6(1)(2), MUMBAI, MUMBAI vs. ISLAND STAR MALL DEVELOPERS PRIVATE LTD, MUMBAI

property and the common\narea maintenance charges under income from business\nand allow the deductions incurred wholly and exclusively\nfor earning the income and partly allowed the assesse\nappeal. Since we have decided the disputed issue of taxing\nof rental income under income from house