https://www.taxtmi.com/caselaws?id=340817 Composite consideration under a leave and licence arrangement was held taxable as income from house property where the letting and allied amenities were inseparable and the amenity component was not separately quantifiable. By contrast, where a separate agreement identified a distinct charge for generator-based electricity facilities, that receipt retained its independent character and was assessable as business income. The Tribunal therefore treated the licence receipt as house property income and the separate amenity receipt as business income, modifying the assessment accordingly. en-us Fri, 24 Mar 2017 00:00:00 +0530 Tue, 28 Mar 2017 06:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340817 Composite consideration under a leave and licence arrangement was held taxable as income from house property where the letting and allied amenities were inseparable and the amenity component was not separately quantifiable. By contrast, where a separate agreement identified a distinct charge for generator-based electricity facilities, that receipt retained its independent character and was assessable as business income. The Tribunal therefore treated the licence receipt as house property income and the separate amenity receipt as business income, modifying the assessment accordingly. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340817