https://www.taxtmi.com/caselaws?id=265125 The High Court held that the sum received by the Assessee from TELCO should be categorized as 'business income' rather than 'income from house property.' The Court emphasized that the payment was for the exploitation of the Assessee's business assets as a whole, not just the premises, affirming the decisions of the lower authorities. Consequently, the Court dismissed the appeals, upholding the characterization of the income received as 'business income' based on the factual and legal analysis presented. en-us Thu, 24 Sep 2015 00:00:00 +0530 Wed, 07 Oct 2015 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265125 The High Court held that the sum received by the Assessee from TELCO should be categorized as 'business income' rather than 'income from house property.' The Court emphasized that the payment was for the exploitation of the Assessee's business assets as a whole, not just the premises, affirming the decisions of the lower authorities. Consequently, the Court dismissed the appeals, upholding the characterization of the income received as 'business income' based on the factual and legal analysis presented. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265125