https://www.taxtmi.com/caselaws?id=212516 The court upheld the decision that income derived from a licensing agreement should be treated as income from other sources, not income from house property. It dismissed the appeals, emphasizing that the agreement was not a lease deed and that the consideration for the premises and fixtures was inseparable, supporting the income classification as from other sources. Additionally, the court ruled against the Revenue in the dispute over reopening assessments based on income treatment changes from a previous year, holding that the subsequent agreement's terms justified the income being classified as from other sources. The appeals were therefore dismissed in favor of the assessee. en-us Tue, 08 Nov 2011 00:00:00 +0530 Wed, 21 Nov 2012 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212516 The court upheld the decision that income derived from a licensing agreement should be treated as income from other sources, not income from house property. It dismissed the appeals, emphasizing that the agreement was not a lease deed and that the consideration for the premises and fixtures was inseparable, supporting the income classification as from other sources. Additionally, the court ruled against the Revenue in the dispute over reopening assessments based on income treatment changes from a previous year, holding that the subsequent agreement's terms justified the income being classified as from other sources. The appeals were therefore dismissed in favor of the assessee. Case-Laws Income Tax Tue, 08 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212516