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Rental income from property equipped with specialized machinery is house property income and not business income
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Corporate Tax
Rental income from property equipped with specialized machinery is house property income and not business income
Posted on
on
December 26, 2014
Tenet Tax Daily December 24 2014
By
tenettax-team
Corporate Tax
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Additions affirmed for loans given to parties with dubious identity and credit worthiness
No concealment penalty on assessee when it had declared capital gains but disputed its tax liability
