{"id":3237,"date":"2018-12-15T00:39:04","date_gmt":"2018-12-15T00:39:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/dismissing-the-appeal-of-the-revenue-the-court-held-that-assessee-which-is-in-business-of-development-of-bio-tech-park-construction-leasing-and-sale-of-commercial-properties-earned-income-from-s\/"},"modified":"2018-12-15T00:39:04","modified_gmt":"2018-12-15T00:39:04","slug":"dismissing-the-appeal-of-the-revenue-the-court-held-that-assessee-which-is-in-business-of-development-of-bio-tech-park-construction-leasing-and-sale-of-commercial-properties-earned-income-from-s","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dismissing-the-appeal-of-the-revenue-the-court-held-that-assessee-which-is-in-business-of-development-of-bio-tech-park-construction-leasing-and-sale-of-commercial-properties-earned-income-from-s\/","title":{"rendered":"Dismissing the appeal of the revenue the Court held that ; assessee which is in  business of development of Bio-Tech Park, construction, leasing and sale of commercial properties, earned income from sub-lease of property and assessee&#8217;s business for development of Bio-Tech Park had already commenced, sub-lease income is  assessable as business income and not as income from other sources .  ( AY.2010-11) PCIT  v. International Biotech Park Ltd.  (2018)  259 Taxman 14 (Bom) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that ; assessee which is in \u00a0business of development of Bio-Tech Park, construction, leasing and sale of commercial properties, earned income from sub-lease of property and assessee&#8217;s business for development of Bio-Tech Park had already commenced, sub-lease income is\u00a0assessable as business income and not as income from other sources .\u00a0 ( AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business income -Income from other sources- Business of development of Bio-Tech Park, construction, leasing and sale of commercial properties, earned income from sub-lease of property and assessee&#8217;s business for development of Bio-Tech Park had already commenced, sub-lease income is  assessable as business income and not as income from other sources .[ S.56  ]<\/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-3237","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Qd","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3237","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=3237"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3237\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}