present case. As the assessee is receiving composite monthly rent including service charges as per tenancy agreements filed by the assessee in his paper book ... submits that as per tenancy agreements monthly rent and service charges are separately described and mentioned, therefore, there is no composite rent. He further submits
entire building as a composite unit. However, there were separate blocks occupied by the tenants on monthly tenancy basis. Each block was a self contained ... proviso to section 23(1) has to be understood as signifying composite structures containing a plurality of residential or dwelling units, such as flats. This
premises have been allowed by the assessee not as a tenancy simpliciter but
for composite services, which included use of premises. Be that
premises
have been allowed by the assessee not as a tenancy simpliciter but for composite
services, which included use of premises. Be that
held as business income. Further, no tenancy
rights were given.
(vii) Entire receipt from 2 agreements constitute a composite
business and there is no scope
tenancy in common standing in the names of four land-lords jointly. Therefore, the land-lords were taken as a composite conglomeration of four persons ... case, there is nothing on record to show that this was a tenancy in common i.e. congregation of four persons. The Revenue
surrendering the tenancy rights of the first floor thereof, he received a sum of Rs. 30,000. The Tribunal held that the tenancy rights being ... value of the tenancy rights, but there could be no account in value of the factors producing it. It was a composite thing referable
surrendering the tenancy rights of the first floor thereof, he received a sum of Rs. 30,000. The Tribunal held that the tenancy rights being ... value of the tenancy rights, but there could be no account in value of the factors producing it. It was a composite thing referable
than one hundred tenants. During the previous year, the assessee had
received composite rent of Rs.2,23,21,871/-. In the computation of income ... assessee could not produce the tenancy agreement with the tenants. In
our opinion, merely because the tenancy agreement is not available if cannot
be concluded
Para 6.1 of the assessment
order explaining the nature of composite rent received by
the assessee from the tenants and the Ld.AR has
demonstrated ... tenancy
rights and duties. Further the Ld. AR referred and
demonstrated the FAQ from the Income Tax Department
Website on the taxability of the composite
