https://www.taxtmi.com/caselaws?id=363861 Rent received from a tenanted property held as part of a redevelopment venture was treated as business-linked receipt rather than income from house property because the property formed part of the developer's business activity and the tenancy expenses were already part of work-in-progress. Consideration under the Choudhary Plot development agreement could not be finally taxed in the year of agreement because accrual depended on unverified facts such as approval of the project plan and commencement of construction; the matter was therefore remitted for factual verification and fresh determination. en-us Mon, 16 Jul 2018 00:00:00 +0530 Wed, 18 Jul 2018 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363861 Rent received from a tenanted property held as part of a redevelopment venture was treated as business-linked receipt rather than income from house property because the property formed part of the developer's business activity and the tenancy expenses were already part of work-in-progress. Consideration under the Choudhary Plot development agreement could not be finally taxed in the year of agreement because accrual depended on unverified facts such as approval of the project plan and commencement of construction; the matter was therefore remitted for factual verification and fresh determination. Case-Laws Income Tax Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363861