https://www.taxtmi.com/highlights?id=58400 Income received from letting of the premises - Mthough the Assessing Officer has discarded the claim of the assessee stating that it is a related party transaction, but the provisions of section 40A(2) of the Act have never been invoked. - Assessing Officer himself has extracted the relevant clauses of lease deed himself showing that the lessor has agreed to provide services which have been enumerated hereinabove elsewhere. - taxable as income from other sources' u/s 56 (2) (iii) - AT en-us Thu, 17 Jun 2021 15:46:04 +0530 Thu, 17 Jun 2021 15:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58400 Income received from letting of the premises - Mthough the Assessing Officer has discarded the claim of the assessee stating that it is a related party transaction, but the provisions of section 40A(2) of the Act have never been invoked. - Assessing Officer himself has extracted the relevant clauses of lease deed himself showing that the lessor has agreed to provide services which have been enumerated hereinabove elsewhere. - taxable as income from other sources' u/s 56 (2) (iii) - AT Highlights Income Tax Thu, 17 Jun 2021 15:46:04 +0530 https://www.taxtmi.com/highlights?id=58400