https://www.taxtmi.com/caselaws?id=251405 The Tribunal held that rental income from lease/franchise should be classified as business income, not income from house property, as the properties were let out to recover profits from loss-making units and income was shown as franchisee fee, indicating business activity. Despite ceasing hotel business, the assessee continued tourism development activities through franchisees, leading to the income being considered business income. Specific conditions on property leasing demonstrated ongoing business involvement, supporting the classification of income as business income. The Tribunal's decision was upheld, dismissing the appeals without costs. en-us Tue, 02 Sep 2014 00:00:00 +0530 Fri, 20 Mar 2020 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251405 The Tribunal held that rental income from lease/franchise should be classified as business income, not income from house property, as the properties were let out to recover profits from loss-making units and income was shown as franchisee fee, indicating business activity. Despite ceasing hotel business, the assessee continued tourism development activities through franchisees, leading to the income being considered business income. Specific conditions on property leasing demonstrated ongoing business involvement, supporting the classification of income as business income. The Tribunal's decision was upheld, dismissing the appeals without costs. Case-Laws Income Tax Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251405