https://www.taxtmi.com/caselaws?id=9493 The High Court upheld the Tribunal's findings in the case. The income from leasing Balrampur Lodge to SBI was classified as business income, and related expenses on the Nainital property were deductible as business expenses. Receipts from various sources were also deemed as business income. Additionally, the interest on fixed deposits from UPSEB was held to be taxable. The court ruled in favor of the assessee on questions 1, 2, and 3 against the Revenue, while question 4 remained unanswered due to the absence of the assessee. en-us Fri, 08 Jul 2005 00:00:00 +0530 Tue, 23 Jun 2009 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9493 The High Court upheld the Tribunal's findings in the case. The income from leasing Balrampur Lodge to SBI was classified as business income, and related expenses on the Nainital property were deductible as business expenses. Receipts from various sources were also deemed as business income. Additionally, the interest on fixed deposits from UPSEB was held to be taxable. The court ruled in favor of the assessee on questions 1, 2, and 3 against the Revenue, while question 4 remained unanswered due to the absence of the assessee. Case-Laws Income Tax Fri, 08 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9493