{"id":4675,"date":"2019-04-04T07:00:18","date_gmt":"2019-04-04T07:00:18","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-e-city-real-estate-p-ltd-2018-100-taxman-93-259-taxman-410-bom-hc-editorial-slp-is-granted-to-the-revenue-pcit-v-e-city-real-estate-p-ltd-2018-259-taxman-409-sc\/"},"modified":"2019-04-04T07:00:18","modified_gmt":"2019-04-04T07:00:18","slug":"pcit-v-e-city-real-estate-p-ltd-2018-100-taxman-93-259-taxman-410-bom-hc-editorial-slp-is-granted-to-the-revenue-pcit-v-e-city-real-estate-p-ltd-2018-259-taxman-409-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-e-city-real-estate-p-ltd-2018-100-taxman-93-259-taxman-410-bom-hc-editorial-slp-is-granted-to-the-revenue-pcit-v-e-city-real-estate-p-ltd-2018-259-taxman-409-sc\/","title":{"rendered":"PCIT v. E City Real Estate (P.) Ltd. (2018) 100 taxman 93 \/ 259 Taxman 410 (Bom.)(HC) Editorial : SLP  is granted to the revenue  ;PCIT v. E City Real Estate (P.) Ltd. (2018) 259 Taxman 409 (SC)"},"content":{"rendered":"<p>Assessee was engaged in construction of various shopping malls .It leased out commercial space in malls and also rendered certain other ancillary services to occupiers of shops\/stalls. AO treated rental income earned by assessee under head &#8216;Income from house property. Tribunal held that intention of assessee-company was to commercially exploit property by way of complex commercial activities and, it was not a case of letting out property simplicitor hence rental income is assessable as business income. High court up held the order of the Tribunal.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business income-Income from house property- Construction of shopping malls-Commercially exploit property by way of complex commercial activities and, it was not a case of letting out property simplicitor-Rental income is assessable as business  income. [S. 22]<\/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-4675","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1dp","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4675","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=4675"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4675\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}