{"id":19006,"date":"2021-06-07T12:05:02","date_gmt":"2021-06-07T06:35:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-prestige-estate-projects-p-ltd-2020-274-taxman-6-karn-hc\/"},"modified":"2021-06-07T12:05:02","modified_gmt":"2021-06-07T06:35:02","slug":"cit-v-prestige-estate-projects-p-ltd-2020-274-taxman-6-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-prestige-estate-projects-p-ltd-2020-274-taxman-6-karn-hc\/","title":{"rendered":"CIT v. Prestige Estate Projects (P) Ltd. (2020) 274 Taxman 6 (Karn.)(HC)"},"content":{"rendered":"<h5>Dismissing the appeal of revenue the Court held\u00a0 that as the business\u00a0 of assessee being\u00a0 real estate development, rental income received by assessee from letting out mall developed by it and rental income received from fit outs, namely, base super structure of building, were liable to brought to tax under head &#8216;income from business&#8217; and income from other sources&#8217; respectively and not income from house property&#8217;. (A.Y. 2005-06)<\/h5>\n","protected":false},"excerpt":{"rendered":"<p>\nS. 28(i) : Business income-Real estate  development-Letting out mall-Assessable as business income and not income from house property.  [S. 22, 23] <\/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":[21],"tags":[],"class_list":["post-19006","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4Wy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19006","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=19006"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19006\/revisions"}],"predecessor-version":[{"id":19007,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/19006\/revisions\/19007"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=19006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=19006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=19006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}