https://www.taxtmi.com/caselaws?id=351207 The court determined that income derived from letting out a running hotel should be classified as business income, not income from house property. Analyzing the license agreement and relevant provisions, the court found that the agreement indicated a business arrangement with operational control and branding aspects. Relying on precedent and the distinction between conducting business and property exploitation, the court ruled in favor of the assessee, overturning the Tribunal's decision. The appeal was disposed of in favor of the assessee, setting aside the Tribunal's order. en-us Thu, 19 Oct 2017 00:00:00 +0530 Tue, 21 Nov 2017 09:20:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351207 The court determined that income derived from letting out a running hotel should be classified as business income, not income from house property. Analyzing the license agreement and relevant provisions, the court found that the agreement indicated a business arrangement with operational control and branding aspects. Relying on precedent and the distinction between conducting business and property exploitation, the court ruled in favor of the assessee, overturning the Tribunal's decision. The appeal was disposed of in favor of the assessee, setting aside the Tribunal's order. Case-Laws Income Tax Thu, 19 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351207