https://www.taxtmi.com/caselaws?id=351683 Receipts from an operation and management arrangement for a cinema building were assessable as income from house property because the agreement, read as a whole, showed consideration for use of the property rather than a business venture. The occupier independently ran the multiplex, and the arrangement did not create a partnership, joint venture, or franchise relationship. As the earlier assessments had accepted the same character of income and there was no material change in facts, a different view was unwarranted. The receipts were therefore taxable under the house property head and not as income from other sources, and the Revenue's appeal failed. en-us Fri, 06 Oct 2017 00:00:00 +0530 Wed, 29 Nov 2017 07:45:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351683 Receipts from an operation and management arrangement for a cinema building were assessable as income from house property because the agreement, read as a whole, showed consideration for use of the property rather than a business venture. The occupier independently ran the multiplex, and the arrangement did not create a partnership, joint venture, or franchise relationship. As the earlier assessments had accepted the same character of income and there was no material change in facts, a different view was unwarranted. The receipts were therefore taxable under the house property head and not as income from other sources, and the Revenue's appeal failed. Case-Laws Income Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351683