2008 (4) TMI 669

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....ved by an order dated 4-5-2005 passed by the Income-tax Appellate Tribunal, Delhi Bench "SMC", New Delhi (the 'Tribunal') in ITA No. 4341/Delhi/2004 relevant for the assessment year 2001-02. 2. The assessee is in the business of developing real estate and owns some properties in and around Delhi. The assessee had given out on rent premises owned by it in sector 18, Noida to M/s. Ebony Retail Ho....

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....f the agreement it was not simply an agreement for renting out of premises, but in the nature of a joint venture or business agreement whereby the assessee was involved in day-to-day functioning of the store run by M/s. Ebony Retail Holdings Ltd. Apart from other things, the assessee was required to perform the upkeep of the building and also participate in the management by giving suggestions on ....