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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Informative
Rental Income From Trust Property cannot be Treated as Business Income: ITAT
Income TaxOther Legal Matters
The ITAT ruled that rental income from trust property cannot be treated as business income. The tribunal emphasized the distinction between rental and business income. The ruling clarifies the tax treatment of trust properties. The ITAT is clarifying income classifications.
