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Income From Letting Out-Whether Business Or Property Income

February 2, 2019[2019] 101 399 (Article)
Recently, an important question of law, often a debatable issue between the assessee and the department, arose in the case of Commissioner of Income Tax Vs Gundecha Builders IT appeal no 347 of 2016 (courtesy: before the honorable Mumbai High Court that whether income from letting out properties constitutes business income or property income.
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