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HomeDirect TaxMultiplex Lease Income Taxable as Business Income, Not House Property Income: ITAT 

Multiplex Lease Income Taxable as Business Income, Not House Property Income: ITAT 

Direct Tax

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By Mariya Paliwala
Multiplex Lease Income Taxable as Business Income, Not House Property Income: ITAT

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The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that income earned from commercial exploitation of a multiplex complex cannot automatically be treated as “Income from House Property” merely because fixed lease rentals are received.  The bench of Prashant Maharishi (Vice – President) has ruled that where a multiplex is commercially exploited…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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