{"id":10922,"date":"2020-04-02T06:34:48","date_gmt":"2020-04-02T06:34:48","guid":{"rendered":"http:\/\/itatonline.org\/digest\/record-investments-and-leasing-pvt-ltd-v-ito-2020-77-itr-76-smc-sn-mum-trib\/"},"modified":"2020-04-02T06:34:48","modified_gmt":"2020-04-02T06:34:48","slug":"record-investments-and-leasing-pvt-ltd-v-ito-2020-77-itr-76-smc-sn-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/record-investments-and-leasing-pvt-ltd-v-ito-2020-77-itr-76-smc-sn-mum-trib\/","title":{"rendered":"Record Investments and Leasing Pvt. Ltd. v. ITO (2020) 77 ITR 76 (SMC) (SN) (Mum.)(Trib.)"},"content":{"rendered":"<p>Assessee owning flat and giving to Non-resident director for residence as well as carrying on business therein.\u00a0 Tribunal held that flat a business asset used partly for business and partly for residence of both shareholder directors, notional income from property cannot be assessed as income from house property. (AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 23 : Income from house property-Business income-Annual letting value-Non-resident Director-Flat used as residence as well as carrying on business\u2013Notional value from property cannot be assessed as income from house property. [S.22, 23(1), 23(4), 28(i)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10922","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Qa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=10922"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10922\/revisions"}],"predecessor-version":[{"id":10923,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10922\/revisions\/10923"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}