Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

Sum received on renting of terrace for installation of mobile tower taxable as house property income: ITAT

Income earned by assessee from letting out space on terrace for installation of mobile tower/antenna was taxable as 'income from house property' and, therefore, deduction under section 24(a) was available in respect of it

Refer:[2018] 98 365 (Mumbai - Trib.)

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