ACIT v. Gujarat State Road Transportation Corp.

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The Tax Publishers2021 TaxPub(DT) 0919 (Ahd-Trib)

INCOME TAX ACT, 1961

Section 14

Relying on assessee's own case in ACIT v. Gujarat State Road Transport Corporation [I.T.A. No. 2690/Ahd/2017, dt. 25-7-2019], rental income from license fees of canteen was taxable under the head 'Income from house property'.

Head of income - Business income or Income from house property - Income from license fees of canteen -

Revenue was in appeal against the order of CIT(A) dated 19-2-2018 in treating the income from license fees of canteen as business income as it was of the view that said income would be taxable under the head income from house property. Held: Relying on assessee's own case in Asstt. CIT v. Gujarat State Road Transport Corporation [I.T.A. No. 2690/Ahd/2017, dt. 25-7-2019], rental income from license fees of canteen was taxable under the head income from house property. Therefore, this ground of appeal of Revenue was allowed.

Followed:Asstt. CIT v. Gujarat State Road Transport Corporation [ITA. No. 2690/Ahd/2017, dt. 25-7-2019].

REFERRED :

FAVOUR : Against the assessee.

A.Y. : 2014-15

IN THE ITAT, AHMEDABAD BENCH