https://www.taxtmi.com/caselaws?id=215642 The appeal was partly allowed by the Tribunal. The delay in filing the appeal was condoned, and the case was admitted for hearing. The tax treatment of license fees was directed to be assessed as business income following a precedent. The disallowance of expenses and depreciation was set aside for a fresh decision in line with precedents. The issue of interest income tax treatment was dismissed. The assessment of income from house property was remitted to the AO for reconsideration in light of new evidence. The AO was directed to reexamine certain issues in conformity with legal provisions and precedents. en-us Wed, 20 Jun 2012 00:00:00 +0530 Mon, 13 Aug 2012 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215642 The appeal was partly allowed by the Tribunal. The delay in filing the appeal was condoned, and the case was admitted for hearing. The tax treatment of license fees was directed to be assessed as business income following a precedent. The disallowance of expenses and depreciation was set aside for a fresh decision in line with precedents. The issue of interest income tax treatment was dismissed. The assessment of income from house property was remitted to the AO for reconsideration in light of new evidence. The AO was directed to reexamine certain issues in conformity with legal provisions and precedents. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215642