https://www.taxtmi.com/caselaws?id=422957 The Tribunal allowed the appeal of a real estate development company, directing the income from a license agreement to be taxed as business income instead of income from house property. The decision was based on the company's memorandum of association allowing for renting out properties as an incidental object, supported by legal precedents. While the judgment did not explicitly address specific business expenses, the implicit acknowledgment of their legitimacy was evident in the decision to tax the income as business income. en-us Thu, 28 Apr 2022 00:00:00 +0530 Wed, 25 May 2022 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422957 The Tribunal allowed the appeal of a real estate development company, directing the income from a license agreement to be taxed as business income instead of income from house property. The decision was based on the company's memorandum of association allowing for renting out properties as an incidental object, supported by legal precedents. While the judgment did not explicitly address specific business expenses, the implicit acknowledgment of their legitimacy was evident in the decision to tax the income as business income. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422957