https://www.taxtmi.com/caselaws?id=186562 The tribunal upheld that the license fee from letting out activity falls under the head "income from house property," not income from business, dismissing the assessee's grounds. Regarding the notional interest on interest-free deposits for computing annual letting value (ALV), the tribunal ruled in line with previous decisions and legal precedents that such interest should not be added. Both appeals were dismissed, with the tribunal providing detailed reasoning and legal references for clarity and consistency in tax law application. en-us Mon, 21 Nov 2011 00:00:00 +0530 Mon, 14 May 2018 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186562 The tribunal upheld that the license fee from letting out activity falls under the head "income from house property," not income from business, dismissing the assessee's grounds. Regarding the notional interest on interest-free deposits for computing annual letting value (ALV), the tribunal ruled in line with previous decisions and legal precedents that such interest should not be added. Both appeals were dismissed, with the tribunal providing detailed reasoning and legal references for clarity and consistency in tax law application. Case-Laws Income Tax Mon, 21 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186562