{"id":775,"date":"2018-05-11T06:45:57","date_gmt":"2018-05-11T06:45:57","guid":{"rendered":"http:\/\/itatonline.org\/digest\/bharat-tiles-marble-p-ltd-v-dy-cit-2018-170-itd-26-mumtrib\/"},"modified":"2018-05-11T06:45:57","modified_gmt":"2018-05-11T06:45:57","slug":"bharat-tiles-marble-p-ltd-v-dy-cit-2018-170-itd-26-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/bharat-tiles-marble-p-ltd-v-dy-cit-2018-170-itd-26-mumtrib\/","title":{"rendered":"Bharat tiles &#038; Marble ( P) Ltd v.Dy.CIT ( 2018) 170 ITD 26 ( Mum)(Trib)"},"content":{"rendered":"<p>Allowing the appeal of the assessee , the Tribunal held that ,though Manufacturing activities were closed and premises given on lease , rental income is held to be assessable as business income  since main activity of assessee is  letting out the properties . As the rental income is assessed under the head business income  remuneration paid to directors is  also held to be allowable deduction .Followed Rayala  Corpn  . P. Ltd v. ACIT ( 2016) 386 ITR 500\/243 Taxman 360 (SC)  ( AY.2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.28(i): Business income -Income from house property -Manufacturing activities were closed and premises given on lease , rental income is held to be assessable as business income and remuneration paid to directors is held to be allowable deduction .[ S.22, 37(1)]<\/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-775","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/775","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=775"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/775\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}