https://www.taxtmi.com/caselaws?id=34378 The High Court upheld the Tribunal's decision, determining that income from leasing a hospital building should be classified as 'income from other sources.' The Court dismissed the appeal, emphasizing the settled nature of the issue in previous judgments and finding no basis to interfere with the Tribunal's order. This decision allowed setting off previous business losses against the lease income, in line with legal provisions and judicial precedents, ensuring compliance with relevant laws. en-us Mon, 29 Jun 2009 00:00:00 +0530 Sat, 05 Sep 2009 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34378 The High Court upheld the Tribunal's decision, determining that income from leasing a hospital building should be classified as 'income from other sources.' The Court dismissed the appeal, emphasizing the settled nature of the issue in previous judgments and finding no basis to interfere with the Tribunal's order. This decision allowed setting off previous business losses against the lease income, in line with legal provisions and judicial precedents, ensuring compliance with relevant laws. Case-Laws Income Tax Mon, 29 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34378