Rental of Mall Properties With Services or Facilities is Business Income

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rental of mall properitesThe tussle between Revene and Taxpayer over the head of income under which rental receipt from a property is quite old phenomena . So, when a company or a realtor show the rental income from  Mall properties developed by them as  business income , the revenue authorities often raise the issue that and such receipts are taxable under the head “Income from House Property” . However , that is not correct view , if the facts shows that the rental of the property was part of overall commercial activity of the owner and not merely a rental simpliciter.

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