2014 (5) TMI 853

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....lant : Sri K V Aravind, Adv. For the Respondent : Sri T Suryanarayana, Adv for M/s King & Partridge JUDGEMENT These Income Tax appeals are filed by the Revenue under Section 260A of the Income Tax Act, 1961 (for short 'the Act'), being aggrieved by the order dated 30-11-2011 in ITA.Nos.1147-1152/Bang/2010 passed by the Income Tax Appellate Tribunal, Bangalore Bench 'B' (for short 'the Tri....

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....disposed of by this common order. 3. The above appeals are admitted to consider the following substantial question of law:        Whether the Tribunal was correct in holding that the lease rent received by the assessee from letting out buildings along with other amenities in a Software Technology Park is chargeable to tax under the head 'income from business' an....

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....hen notwithstanding the fact that the furniture and fittings are provided to the lessee, the income from the building fall under the head 'income from house property'. But if the assessee is in the business of taking land, putting up commercial buildings thereon and letting out such buildings with all furniture as his profession or business, then notwithstanding the fact that he has constructed a ....