https://www.taxtmi.com/caselaws?id=262969 The income/loss from letting out a multiplex/shopping mall and cinema theatre, along with amenities, was assessed as "business income/loss" rather than "income from house property." The Tribunal determined that the primary objective of the assessee was commercial exploitation of the property through complex business activities, entitling the assessee to claim deductions for related expenditures and depreciation on assets. The ruling was pronounced on 14.08.2015, with an identical appeal also allowed on similar grounds. en-us Fri, 14 Aug 2015 00:00:00 +0530 Fri, 16 Sep 2016 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262969 The income/loss from letting out a multiplex/shopping mall and cinema theatre, along with amenities, was assessed as "business income/loss" rather than "income from house property." The Tribunal determined that the primary objective of the assessee was commercial exploitation of the property through complex business activities, entitling the assessee to claim deductions for related expenditures and depreciation on assets. The ruling was pronounced on 14.08.2015, with an identical appeal also allowed on similar grounds. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262969