Oberoi Building & Investment (P) Ltd. v. CIT (2025) 342 CTR 343 / (2024) 244 DTR 198 (Cal)(HC)

S. 28(i) : Business income-Income from house property—Income from sublicensing of property—Assessable as business income.[S. 22]

Held that the object of the assessee-company and its activity is the business of renting, lisencing, sub-lisencing shops, etc. and it derived income mainly from the aforesaid business activity, therefore, the income from sub-lisencing derived by the assessee is business income and not income from house property, more so when it has been accepted as business income for so may years. (AY. 2005-06)

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