Mall Lease Income Classified as Business Profits for Taxation; Taxed Under Profits and Gains of Business or Profession.

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....Treatment of property lease income as income under the head “Profits and Gains of Business or Profession” - the nature of business of the assessee as “Operation of Mall’ therefore any income earned by the assessee by the operation of mall has to be taxed under the head Profits & Gains of Business or Profession. - AT....