https://www.taxtmi.com/caselaws?id=247926 HC held that lease rent from letting out buildings together with other amenities in a Software Technology Park is chargeable under profits and gains of business or profession, not income from house property. The court applied the three-step test - intention behind the lease, facilities provided with the buildings and the documentary evidence, and whether the components are inseparable - and agreed with the tribunal that the arrangements evidenced a commercial letting business. The decision was against the Revenue. en-us Wed, 30 Apr 2014 00:00:00 +0530 Mon, 06 Oct 2025 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247926 HC held that lease rent from letting out buildings together with other amenities in a Software Technology Park is chargeable under profits and gains of business or profession, not income from house property. The court applied the three-step test - intention behind the lease, facilities provided with the buildings and the documentary evidence, and whether the components are inseparable - and agreed with the tribunal that the arrangements evidenced a commercial letting business. The decision was against the Revenue. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247926