Allowing the appeal of the assessee the court held that the income earned from letting out building along with other amenities in industrial park was chargeable to tax under head ‘income from business and profession’ and not as income from house property. (AY 2009-10, 2010 -11 )
Rao Computer Consultants (P) Ltd. v. Dy. CIT (2021) 281 Taxman 236 (Karn.) ( HC) Rao Computer Consultants (P) Ltd. v. Dy. CIT (2021) 281 Taxman 319 (Karn.) ( HC)
S. 28(i) : Business income – Income from house property – letting out building along with other amenities in industrial park- Assessable as income from business [ S. 22 ]