https://www.taxtmi.com/caselaws?id=237047 The Tribunal upheld the CIT(A)'s decision, classifying the income from license fees and outgoings as business income rather than income from house property. The Tribunal emphasized consistency in treatment and cited relevant case law to support the commercial nature of the activities involved. Consequently, the revenue's appeal was dismissed, affirming that the income should be assessed under the head "profits from business," allowing related expenses, including depreciation, as business expenses. en-us Wed, 26 Jun 2013 00:00:00 +0530 Tue, 17 Sep 2013 08:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237047 The Tribunal upheld the CIT(A)'s decision, classifying the income from license fees and outgoings as business income rather than income from house property. The Tribunal emphasized consistency in treatment and cited relevant case law to support the commercial nature of the activities involved. Consequently, the revenue's appeal was dismissed, affirming that the income should be assessed under the head "profits from business," allowing related expenses, including depreciation, as business expenses. Case-Laws Income Tax Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237047