{"id":4674,"date":"2019-04-04T06:59:58","date_gmt":"2019-04-04T06:59:58","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-international-biotech-park-ltd-2018-259-taxman-14-bom-hc-2\/"},"modified":"2019-04-04T06:59:58","modified_gmt":"2019-04-04T06:59:58","slug":"pcit-v-international-biotech-park-ltd-2018-259-taxman-14-bom-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-international-biotech-park-ltd-2018-259-taxman-14-bom-hc-2\/","title":{"rendered":"PCIT v. International Biotech Park Ltd. (2018) 259 Taxman 14 (Bom.)(HC)"},"content":{"rendered":"<p>Assessee was engaged in business of development of Bio-Tech Park, construction, leasing and sale of commercial properties. AO assessed the sub lease of property as income from other sources. Tribunal held that assessee&#8217;s business of development of Bio-Tech Park had already commenced, and therefore, sub-lease income was assessable as business income . On appeal High Court upheld the order of the Appellate Tribunal. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business income\u2013Sub lease of property\u2013Assessable as business income and not as income for 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_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":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-4674","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1do","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4674","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=4674"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4674\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}