https://www.taxtmi.com/highlights?id=60567 Correct head of income - Lease rent received - to be treated as business income or as income from other sources - There was no attempt to exploit the commercial assets of the company and instead the assessee merely renewed rental arrangement and received rent as a passive receipt. - the rental income received by the assessee from ATL ought to be treated as income under the head “income from other sources”. - HC en-us Thu, 18 Nov 2021 07:45:37 +0530 Thu, 18 Nov 2021 07:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60567 Correct head of income - Lease rent received - to be treated as business income or as income from other sources - There was no attempt to exploit the commercial assets of the company and instead the assessee merely renewed rental arrangement and received rent as a passive receipt. - the rental income received by the assessee from ATL ought to be treated as income under the head “income from other sources”. - HC Highlights Income Tax Thu, 18 Nov 2021 07:45:37 +0530 https://www.taxtmi.com/highlights?id=60567