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1 - 4 of 4 (0.21 seconds)Commissioner Of Income Tax vs Chennai Properties And Investments ... on 28 March, 2003
7. An alternative argument is also advanced that the whole receipt amount should not be assessed under the head "income from house property" on the ground that certain portion of the amount is related to services provided as per the agreements which are independent ones. The rental receipts shows only the consolidated amount, instead of apportioning it into different heads. The Revenue should have apportioned the amounts and such apportioned amounts should be assessed under the head "income from business" or "income from other sources". In the present cases, there are Service-cum-Lease Agreements entered on 1st April 1997 by the assessees with their respective occupants. For convenient purpose, we reproduce below the clauses contained in one of the Tax Case, namely T.C. No.75 of 2004:
Section 147 in The Income Tax Act, 1961 [Entire Act]
Section 260A in The Income Tax Act, 1961 [Entire Act]
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