https://www.taxtmi.com/caselaws?id=186088 Income from furnished paying guest rooms is assessable as business income where the receipts arise substantially from organised commercial operations, services, and amenities rather than from bare ownership of property. The Punjab HC held that temporary letting of fully furnished rooms with food and related facilities formed an integrated paying guest venture, so the statutory heads were mutually exclusive and the receipts could not be treated as income from property. The income was therefore liable to assessment under section 10 of the Indian Income-tax Act, 1922, and not under section 9. The reference was answered against the assessee and in favour of the Revenue. en-us Tue, 09 Feb 1965 00:00:00 +0530 Wed, 07 Sep 2016 11:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186088 Income from furnished paying guest rooms is assessable as business income where the receipts arise substantially from organised commercial operations, services, and amenities rather than from bare ownership of property. The Punjab HC held that temporary letting of fully furnished rooms with food and related facilities formed an integrated paying guest venture, so the statutory heads were mutually exclusive and the receipts could not be treated as income from property. The income was therefore liable to assessment under section 10 of the Indian Income-tax Act, 1922, and not under section 9. The reference was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Tue, 09 Feb 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186088