https://www.taxtmi.com/caselaws?id=393736 The High Court affirmed the Income Tax Appellate Tribunal's decision to classify franchise fees as business income rather than income from house property. The Court relied on a previous judgment involving the same appellant and emphasized the distinction between property leasing and business operations. The appeals were dismissed, and no costs were awarded, providing clarity on income classification principles for similar transactions. en-us Fri, 21 Feb 2020 00:00:00 +0530 Sat, 21 Mar 2020 13:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393736 The High Court affirmed the Income Tax Appellate Tribunal's decision to classify franchise fees as business income rather than income from house property. The Court relied on a previous judgment involving the same appellant and emphasized the distinction between property leasing and business operations. The appeals were dismissed, and no costs were awarded, providing clarity on income classification principles for similar transactions. Case-Laws Income Tax Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393736