Tribunal held that lease rental income, on lease of house property is within contemplation of profits derived by a developer of a SEZ from ‘business’ of developing it and, thus, eligible for deduction. (AY. 2012-13)
DCIT v. DLF Assets (P.) Ltd. (2021) 187 ITD 857 (Delhi)(Trib.)
S. 80IAB : Undertaking-Development of Special Economic Zone-Lease rental-business’ of developing-Eligible for deduction.