Distributed income from real estate investment trusts deemed income of unit holders and subject to taxation under amended provisions. Distributed income received by a unit holder from a business trust that is a real estate investment trust, where such income arises from renting, leasing or letting out real estate assets owned directly by the business trust, shall be deemed to be income of the unit holder and charged to tax; the provision inserts an additional clause reference to capture such distributed rental income and applies prospectively to the stated assessment period and subsequent years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Distributed income from real estate investment trusts deemed income of unit holders and subject to taxation under amended provisions.
Distributed income received by a unit holder from a business trust that is a real estate investment trust, where such income arises from renting, leasing or letting out real estate assets owned directly by the business trust, shall be deemed to be income of the unit holder and charged to tax; the provision inserts an additional clause reference to capture such distributed rental income and applies prospectively to the stated assessment period and subsequent years.
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