Court Rules Lease Rent Income Taxable as Income from House Property, Not Business Income or Other Sources.

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....Nature of Lease Rent Received - Income from business or house property or other sources - Lease agreements - furnishing of floors of the building given on rent - agreement to provide maintenance and up- keeping of building, floor, furniture & fixtures and other equipments installed in the said premises - Principle of res judicata - Taxable as income from house property - AT....