272 ITR

Sec. 28(i), Section 22

Madras H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the rental income derived from the leasing out of the property at Cathedral Road, Madras, should be assessed under the head “profits and gains of business or profession” only and not under the head “income from house property” ?

High Court Of Madras CIT vs. Sanmar Holdings Ltd. Sections 22, 28(i) Asst. Year 1984-85, 1985-86, 1986-87 N.V. Balasubramanian &

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