https://www.taxtmi.com/caselaws?id=327082 The Appellate Tribunal classified income from leased hotels as "Income from business" instead of "income from house property." This decision was based on the organized business activities of the assessee in hotel management, aligning with legal precedents. The Tribunal's ruling implied eligibility for deduction under section 80-IC, ensuring proper tax treatment and deductions. The judgment resolved the primary issue of income classification and implicitly addressed the deduction eligibility, providing a comprehensive resolution to the appeal. en-us Tue, 13 Oct 2015 00:00:00 +0530 Sat, 30 Apr 2016 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327082 The Appellate Tribunal classified income from leased hotels as "Income from business" instead of "income from house property." This decision was based on the organized business activities of the assessee in hotel management, aligning with legal precedents. The Tribunal's ruling implied eligibility for deduction under section 80-IC, ensuring proper tax treatment and deductions. The judgment resolved the primary issue of income classification and implicitly addressed the deduction eligibility, providing a comprehensive resolution to the appeal. Case-Laws Income Tax Tue, 13 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327082