P&H HC Calls for Urgent Proposals on Prison Safety Measures  ||  Delhi HC: Summons Issued to Nashville Fried Chicken' in Trademark Infringement Suit by KFC  ||  Delhi HC: Cannot Waive Timelines under Rule 100 of Trade Marks Rules, 2017  ||  Rajasthan HC Takes Suo Moto Cognizance of News Report Claiming Non-Functioning of 16 Lok Adalats  ||  Delhi HC: Mere Suspicion of an Affair does Not Meet Threshold of Section 306 of IPC  ||  SC: Delay Should Not be Condoned Merely as an Act of Generosity  ||  SC: Married Daughter Presumed to be Financially Supported by Husband  ||  SC: Cruelty u/s 498A of IPC Can’t be Established Without Specific Instances  ||  SC: Section 10 of TPA Not Applicable to Government Allotments  ||  SC: It Is Difficult to Accept that Every Form of Playing Cards Involves Moral Turpitude    

ITAT Delhi: Rent from Fit-Out Hire Charges Will Fall Under Business Income - (13 Jun 2019)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Delhi has noted that the income received from Fit-out Hire Charges would constitute “business income” under the Income Tax law. ITAT has observed that from the perusal of the Rent Agreement it can be seen that it is with the sole purpose for rent in respect of the entire building to the Multi-National Company IBM.

Tags : ITAT DELHI   BUSINESS INCOME  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved