https://www.taxtmi.com/caselaws?id=340817 The Tribunal partially allowed the appeals, directing the Assessing Officer to recompute the income from house property and business income for the assessee. The Tribunal concluded that the consideration received under the Leave and License Agreement should be treated as income from house property, while the income from the Agreement for Hire of Amenities could be considered business income. The judgment provides clarity on distinguishing between income from house property and business income based on the services provided to tenants, emphasizing the importance of examining the agreements between the parties. 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 The Tribunal partially allowed the appeals, directing the Assessing Officer to recompute the income from house property and business income for the assessee. The Tribunal concluded that the consideration received under the Leave and License Agreement should be treated as income from house property, while the income from the Agreement for Hire of Amenities could be considered business income. The judgment provides clarity on distinguishing between income from house property and business income based on the services provided to tenants, emphasizing the importance of examining the agreements between the parties. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340817