https://www.taxtmi.com/caselaws?id=220258 The Tribunal concluded that the lease rent received by the assessee should be assessed under the head "Income from house property" and not as business income. The Tribunal applied the three-question test from Sultan Bros. (P.) Ltd. and determined that the letting of the hotel building and its assets constituted a single letting. The order of the CIT(A) was overturned, and the Assessing Officer's assessment was upheld. The Revenue's appeal was allowed, and the lease rent was to be considered income from house property. en-us Fri, 14 Sep 2012 00:00:00 +0530 Thu, 17 Jan 2013 07:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220258 The Tribunal concluded that the lease rent received by the assessee should be assessed under the head "Income from house property" and not as business income. The Tribunal applied the three-question test from Sultan Bros. (P.) Ltd. and determined that the letting of the hotel building and its assets constituted a single letting. The order of the CIT(A) was overturned, and the Assessing Officer's assessment was upheld. The Revenue's appeal was allowed, and the lease rent was to be considered income from house property. Case-Laws Income Tax Fri, 14 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220258