{"id":35675,"date":"2023-08-24T15:56:04","date_gmt":"2023-08-24T10:26:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-s-n-damani-infra-pvt-ltd-202296-itr-707-211-dtr-105-chennaitrib\/"},"modified":"2023-08-24T15:56:04","modified_gmt":"2023-08-24T10:26:04","slug":"acit-v-s-n-damani-infra-pvt-ltd-202296-itr-707-211-dtr-105-chennaitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-s-n-damani-infra-pvt-ltd-202296-itr-707-211-dtr-105-chennaitrib\/","title":{"rendered":"ACIT v. S. N. Damani Infra Pvt. Ltd. (2022)96 ITR 707 \/ 211 DTR 105 (Chennai)(Trib)"},"content":{"rendered":"<p>The Tribunal held that the assessee\u2019s main object was warehousing and supply chain solutions, which was different from letting out properties on rent. The assessee did not render any amenities to the tenant so as to hold the rental income under the head \u201cIncome from business or profession.\u201d The Assessing Officer had not brought on record any evidence to substantiate his view that the assessee was in the business of letting out properties on rental income as a systematic business activity. As a result, such rental income could not be assessed under the head income from business.\u00a0\u00a0 (AY.\u00a0 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 22 : Income from house property-Main object warehousing and supply-chain solutions-Earning of  rental income sans any amenities to tenants-Not an engagement in systematic business activity of  letting out  properties-Income to be treated as income from house property. [S.  24(a), 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":[21],"tags":[],"class_list":["post-35675","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9hp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35675","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=35675"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35675\/revisions"}],"predecessor-version":[{"id":35676,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35675\/revisions\/35676"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}