Rent from leasing out godown can’t be held as business income if it was not a case of exploiting commercial asset: HC

INCOME TAX : Assessee-co. cannot claim rental income as business income where it leased out its godown more as owner of a business asset and not for exploiting it as commercial assetINCOME TAX : Assessee-co. cannot claim rental income as business income where it leased out its godown more as owner of a business asset and not for exploiting it as commercial assetwww.taxmann.com Latest Case LawsRead More

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