The Mumbai ITAT confirmed that lease rentals from Special Economic Zones (SEZ) and IT parks should be classified as taxable business income, referencing CBDT Circular No. 16/2017 and relevant judicial precedents.
SEZ Lease Rentals Are Business Income, Not House Property: ITAT Mumbai
The Mumbai ITAT confirmed that lease rentals from Special Economic Zones (SEZ) and IT parks should be classified as taxable business income, referencing CBDT Circular No. 16/2017 and relevant judicial precedents.
Citations
- Income Tax Appellate Tribunal, Mumbai (2026)
Source:taxguru.in