2009 (10) TMI 554

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....ise from the three questions raised in the connected appeals filed by the assessee. The first issue is whether the income received from building under the name "Konny Building" is business income or not. Counsel contended that the assessee is engaged in letting out rooms in the lodging house and the Konny Building is one rented out to the bank on long-term lease. It is conceded that the income fro....