https://www.taxtmi.com/caselaws?id=260713 The High Court remanded the case back to the Tribunal, which concluded that the leave and license income should be assessed as business income due to the systematic subletting activity aligned with the assessee's business objectives. Consequently, related expenditure was allowed as a deduction. However, the disallowance of staff recruitment and training expenses was upheld as the training was not proven to be wholly and exclusively for the business purposes. The Tribunal partly allowed the appeal, directing the AO to compute income accordingly. en-us Wed, 10 Jun 2015 00:00:00 +0530 Sat, 20 Jun 2015 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260713 The High Court remanded the case back to the Tribunal, which concluded that the leave and license income should be assessed as business income due to the systematic subletting activity aligned with the assessee's business objectives. Consequently, related expenditure was allowed as a deduction. However, the disallowance of staff recruitment and training expenses was upheld as the training was not proven to be wholly and exclusively for the business purposes. The Tribunal partly allowed the appeal, directing the AO to compute income accordingly. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260713