INCOME TAX : SLP dismissed against impugned order of High Court that where under scheme of rehabilitation of assessee, assessee had leased out its business to a company named ATL till March 2003 but even after its revival, it continued said lease, since during year 2004-05 there was no attempt to exploit commercial assets of company by assessee instead assessee merely renewed rental arrangement and received rent as a passive receipt,INCOME TAX : SLP dismissed against impugned order of High Court that where under scheme of rehabilitation of assessee, assessee had leased out its business to a company named ATL till March 2003 but even after its revival, it continued said lease, since during year 2004-05 there was no attempt to exploit commercial assets of company by assessee instead assessee merely renewed rental arrangement and received rent as a passive receipt,www.taxmann.com Latest Case LawsRead More
