https://www.taxtmi.com/caselaws?id=187741 The High Court upheld the decision of the Income Tax Appellate Tribunal, classifying the conduction royalty amount as income from business for the assessment year 2003-04. The Tribunal's reasoning was based on the retention of control by the assessee over the business, as demonstrated by the agreement terms and ownership of licenses and permits. The agreement stipulated the conductor's obligations upon termination, supporting the conclusion that the royalty income should be treated as business income. Consequently, the appeal was dismissed with no order as to costs. en-us Tue, 05 Jan 2010 00:00:00 +0530 Fri, 04 Nov 2016 14:39:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187741 The High Court upheld the decision of the Income Tax Appellate Tribunal, classifying the conduction royalty amount as income from business for the assessment year 2003-04. The Tribunal's reasoning was based on the retention of control by the assessee over the business, as demonstrated by the agreement terms and ownership of licenses and permits. The agreement stipulated the conductor's obligations upon termination, supporting the conclusion that the royalty income should be treated as business income. Consequently, the appeal was dismissed with no order as to costs. Case-Laws Income Tax Tue, 05 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187741