https://www.taxtmi.com/caselaws?id=26409 The High Court determined that income from leases and agreements for air-conditioning facility should be assessed as "Income from property" rather than "Income from other sources" for the assessment year 1969-70. The court analyzed relevant legal provisions and precedents, emphasizing the distinction between letting the installation and allowing tenants to utilize the facility. It concluded that no letting of the air-conditioning installation occurred under the agreements, leading to the income being taxed as income from property. The judgment was in favor of the revenue, with no order as to costs. en-us Thu, 17 Oct 1985 00:00:00 +0530 Thu, 04 Feb 2010 17:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26409 The High Court determined that income from leases and agreements for air-conditioning facility should be assessed as "Income from property" rather than "Income from other sources" for the assessment year 1969-70. The court analyzed relevant legal provisions and precedents, emphasizing the distinction between letting the installation and allowing tenants to utilize the facility. It concluded that no letting of the air-conditioning installation occurred under the agreements, leading to the income being taxed as income from property. The judgment was in favor of the revenue, with no order as to costs. Case-Laws Income Tax Thu, 17 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26409