https://www.taxtmi.com/caselaws?id=363060 The Tribunal ruled in favor of the appellant on both issues. It held that license fees from tenants should be treated as income from business based on precedent and directed the Assessing Officer accordingly. Additionally, the disallowance of interest paid on a loan against property was deleted to maintain consistency with a previous decision in the appellant's favor. The appeal was allowed, confirming the judgment in favor of the appellant on all discussed issues. en-us Wed, 04 Jul 2018 00:00:00 +0530 Sat, 07 Jul 2018 08:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363060 The Tribunal ruled in favor of the appellant on both issues. It held that license fees from tenants should be treated as income from business based on precedent and directed the Assessing Officer accordingly. Additionally, the disallowance of interest paid on a loan against property was deleted to maintain consistency with a previous decision in the appellant's favor. The appeal was allowed, confirming the judgment in favor of the appellant on all discussed issues. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363060