<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Supreme Court Affirms Rental Income as Business Profits, Aligns with Chennai Properties Precedent, Upholds CIT(A) Ruling.</title>
    <link>https://www.taxtmi.com/highlights?id=68016</link>
    <description>Taxability of rental income - The undisputed fact is that the ratio laid down in the case of Chennai Properties and Investments [2015 (5) TMI 46 - SUPREME COURT] squarely apply on the facts of the case, therefore, there is no error or infirmity in the decision of the CIT(A) wherein rental income has been taxed under the head profits and gains of business or profession. - AT</description>
    <language>en-us</language>
    <pubDate>Thu, 02 Feb 2023 10:20:31 +0530</pubDate>
    <lastBuildDate>Thu, 02 Feb 2023 10:20:31 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=703622" rel="self" type="application/rss+xml"/>
    <item>
      <title>Supreme Court Affirms Rental Income as Business Profits, Aligns with Chennai Properties Precedent, Upholds CIT(A) Ruling.</title>
      <link>https://www.taxtmi.com/highlights?id=68016</link>
      <description>Taxability of rental income - The undisputed fact is that the ratio laid down in the case of Chennai Properties and Investments [2015 (5) TMI 46 - SUPREME COURT] squarely apply on the facts of the case, therefore, there is no error or infirmity in the decision of the CIT(A) wherein rental income has been taxed under the head profits and gains of business or profession. - AT</description>
      <category>Highlights</category>
      <law>Income Tax</law>
      <pubDate>Thu, 02 Feb 2023 10:20:31 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=68016</guid>
    </item>
  </channel>
</rss>