Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Rental Income from Factory Building Taxed as Income from House Property, Eligible for Deduction u/s 24: Delhi HC
Corporate Law & GovernanceIncome Tax
The Delhi High Court has ruled that rental income from a factory building should be taxed as "income from house property," making it eligible for deductions under Section 24 of the Income Tax Act. This ruling provides relief to property owners by ensuring that they can avail themselves of relevant tax benefits typically reserved for residential properties.
