https://www.taxtmi.com/caselaws?id=26722 The High Court of Rajasthan clarified that the classification of income from lease money as business income or income from other sources is a legal question impacting the allowance of claimed expenses. The court emphasized the significance of this classification in tax assessment, directing the Tribunal to refer the matter for the court's opinion. This decision highlights the importance of resolving the issue for accurate tax assessment and compliance with the Income-tax Act, 1961. en-us Wed, 21 Aug 1985 00:00:00 +0530 Mon, 08 Feb 2010 10:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26722 The High Court of Rajasthan clarified that the classification of income from lease money as business income or income from other sources is a legal question impacting the allowance of claimed expenses. The court emphasized the significance of this classification in tax assessment, directing the Tribunal to refer the matter for the court's opinion. This decision highlights the importance of resolving the issue for accurate tax assessment and compliance with the Income-tax Act, 1961. Case-Laws Income Tax Wed, 21 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26722