Wednesday, September 24, 2014

[aaykarbhavan] No sec. 263 revision if taxability of lease rental relating to land developed for business purposes was debatable



No sec. 263 revision if taxability of lease rental relating to land developed for business purposes was debatable

September 24, 2014[2014] 48 taxmann.com 364 (Andhra Pradesh)
IT : Where lease rentals were earned from land which were developed for creating film shooting facilities/locations and it was directly, connected with main activity of assessee, i.e., development of infrastructure for shooting locations, such rental income being capital in nature could not be held income
 
Regards
Prarthana Jalan


__._,_.___
Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com




__,_._,___
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)