https://www.taxtmi.com/caselaws?id=9211 Where a running cinema business is leased with its commercial apparatus, goodwill, licence-linked obligations, inspection rights, insurance duties and a restraint on competing business, the receipts are treated as business income rather than mere property income. On that footing, the assessee remained entitled to renewal of the partnership registration. Because the surcharge claim depended on treating the receipts as income from other sources, that basis failed once the income was characterised as business income, and the special surcharge levy was held unlawful. en-us Thu, 02 Aug 1973 00:00:00 +0530 Sat, 20 Jun 2009 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9211 Where a running cinema business is leased with its commercial apparatus, goodwill, licence-linked obligations, inspection rights, insurance duties and a restraint on competing business, the receipts are treated as business income rather than mere property income. On that footing, the assessee remained entitled to renewal of the partnership registration. Because the surcharge claim depended on treating the receipts as income from other sources, that basis failed once the income was characterised as business income, and the special surcharge levy was held unlawful. Case-Laws Income Tax Thu, 02 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9211