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BALAN ENTERPRISES versus COMMISSIONER OF INCOME-TAX


Real Estate Business or Income Property Established to do real estate business, leasing, building structures and leasing them to tenants is a partnership work that, at the end of the lease term, survives. Refer to the leasehold property with leasing partners. The firm did not own the property leasing the commercial complex is the amount of business activity it is not entitled to review as an association of partners Indian Income Tax Act 1961, Section 26

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