The assessee received consideration under an agreement permitting installation of an advertisement hoarding on the terrace. The Tribunal held that the payment was for permitting display of a hoarding and not for letting out the terrace or any part of the building. The receipts were therefore assessable as “Income from other sources” and not as “Income from house property”. (AY. 2017-18).
Gowri Shankar Gupta v. ITO (2025) 127 ITR 595 (Hyd.)(Trib.)
S. 56 : Income from other sources-Hoarding charges-Not income from house property. [S. 22]
Leave a Reply