Lease Rentals from SEZ IT Parks Taxable as Business Income: ITAT Allows Change of Head of Income in S. 153A Proceedings

HomeDirect TaxLease Rentals from SEZ IT Parks Taxable as Business Income: ITAT Allows...

Lease Rentals from SEZ IT Parks Taxable as Business Income: ITAT Allows Change of Head of Income in S. 153A Proceedings

Direct Tax

Published on

02/05/2026

By Mariya Paliwala

Lease Rentals from SEZ IT Parks Taxable as Business Income: ITAT Allows Change of Head of Income in S. 153A Proceedings

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that an assessee can validly change the head of income in returns filed under Section 153A of the Income-tax Act in case of abated assessments. The bench of Saktijit Dey (Vice President) and Girish Agrawal (Accountant Member) ruled that lease rental income derived from Special Economic…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Mariya Paliwala https://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.

Lease Rentals from SEZ IT Parks Taxable as Business Income: ITAT Allows Change of Head of Income in S. 153A Proceedings

Membership Required

Latest articles

CESTAT Grants Reverse Charge Benefit to Works Contractor, Cuts Service Tax Liability While Upholding Extended Limitation

Limitation Can’t Run Without Valid Service of Order: CESTAT

CESTAT Rejects Excise Dept’s Bid to Reclassify Nicotine Sulphate as Tobacco Product

GST Assessment And Recovery Against IRFC Quashed For Ignoring Reverse Charge ITC Rules: Madras High Court

More like this

CESTAT Grants Reverse Charge Benefit to Works Contractor, Cuts Service Tax Liability While Upholding Extended Limitation

Limitation Can’t Run Without Valid Service of Order: CESTAT

CESTAT Rejects Excise Dept’s Bid to Reclassify Nicotine Sulphate as Tobacco Product

About us

Company

Categories