https://www.taxtmi.com/caselaws?id=66075 The Tribunal partially allowed the appeal, determining that the income from theatre lease should be classified as business income, rejecting the claim for depreciation on theatre assets, and permitting only Rs. 1,000 in expenses related to interest income. The Tribunal held that the lease income should be assessed under the head 'business', emphasizing that income derived from exploiting a commercial asset should be considered business income, despite the temporary lease arrangement. en-us Wed, 31 Mar 1993 00:00:00 +0530 Mon, 21 Feb 2011 12:55:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66075 The Tribunal partially allowed the appeal, determining that the income from theatre lease should be classified as business income, rejecting the claim for depreciation on theatre assets, and permitting only Rs. 1,000 in expenses related to interest income. The Tribunal held that the lease income should be assessed under the head 'business', emphasizing that income derived from exploiting a commercial asset should be considered business income, despite the temporary lease arrangement. Case-Laws Income Tax Wed, 31 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66075