COMMISSIONER OF INCOME-TAX versus SUPREME CREDIT CORPORATION LTD.
Property Income Leasehold Property Who is considered a property owner, To understand the owner of a leased property, the leaseholder should not only have the right to extend the new construction on such property, but also to actually construct a new one. And you should also earn revenue from new construction. Although the property was leased for 80 years and the lease has the right to take up such construction, the leasehold does not own the property. The income from the leased property is not the income from the property. The Income Tax Act, 1961 , Section 22
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us immigration advocates from Rahimyar Khan lawyer
