https://www.taxtmi.com/caselaws?id=4100 The courts affirmed the classification of lease income as income from property, ruling that the absence of business activities by the appellant warranted this categorization. Additionally, the valuation of long term capital gains was upheld based on factual evidence and considerations, including a personal visit to the property location. The courts found no substantial question of law to entertain the appeal and ultimately dismissed it. en-us Tue, 29 Jan 2008 00:00:00 +0530 Sat, 26 Jul 2008 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4100 The courts affirmed the classification of lease income as income from property, ruling that the absence of business activities by the appellant warranted this categorization. Additionally, the valuation of long term capital gains was upheld based on factual evidence and considerations, including a personal visit to the property location. The courts found no substantial question of law to entertain the appeal and ultimately dismissed it. Case-Laws Income Tax Tue, 29 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4100