https://www.taxtmi.com/caselaws?id=15274 Income derived from allowing use of an owned building for marriages and other functions, along with providing chairs, microphones and similar facilities for a fee, was held assessable as business income rather than as income from house property or other sources. The HC reasoned that the arrangement did not amount to exploitation of property by lease for periodic rent; the owner retained overall control and granted only a time-bound licence for specified occasions, with ancillary services/facilities forming part of the activity. Treating the systematic commercial use of the premises for short durations as a profit-oriented undertaking, the HC upheld the Tribunal's view and answered the reference in favour of the assessee and against the Revenue. en-us Mon, 02 Nov 1998 00:00:00 +0530 Thu, 18 Dec 2025 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15274 Income derived from allowing use of an owned building for marriages and other functions, along with providing chairs, microphones and similar facilities for a fee, was held assessable as business income rather than as income from house property or other sources. The HC reasoned that the arrangement did not amount to exploitation of property by lease for periodic rent; the owner retained overall control and granted only a time-bound licence for specified occasions, with ancillary services/facilities forming part of the activity. Treating the systematic commercial use of the premises for short durations as a profit-oriented undertaking, the HC upheld the Tribunal's view and answered the reference in favour of the assessee and against the Revenue. Case-Laws Income Tax Mon, 02 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15274