https://www.taxtmi.com/caselaws?id=60225 The Appellate Tribunal upheld the CIT(A)'s decision to classify income from license fees as business income for the assessment year 1982-83. The Tribunal considered the commercial nature of the activities, the motive behind income generation, and the continuity of business operations despite sub-letting arrangements. The Tribunal's ruling was based on the assertion that the income derived from letting out buildings constituted commercial exploitation, falling under section 28 of the Income Tax Act. The appeal by the Revenue challenging this classification was dismissed. en-us Wed, 25 Nov 1987 00:00:00 +0530 Tue, 04 Jan 2011 13:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60225 The Appellate Tribunal upheld the CIT(A)'s decision to classify income from license fees as business income for the assessment year 1982-83. The Tribunal considered the commercial nature of the activities, the motive behind income generation, and the continuity of business operations despite sub-letting arrangements. The Tribunal's ruling was based on the assertion that the income derived from letting out buildings constituted commercial exploitation, falling under section 28 of the Income Tax Act. The appeal by the Revenue challenging this classification was dismissed. Case-Laws Income Tax Wed, 25 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60225