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2012 (10) TMI 575 - ITAT, DELHIRental income - Income from other sources v/s income from house property - two separate agreements have been made by the assessee: one for rent i.e monthly license fee and another for services of amenities. - Held that:- Character of income cannot be changed either by entering two agreements or by making other evidence. The amount of license fee earned by assessee on account of two agreements infact is on account of property given on license and the entire income of the property, in our considered view, has to be treated as income from house property and not income from other sources which is treated by Assessing Officer for the reason that a separate agreement has been entered on account of amenities provided by assessee. Entire amount received by assessee on account of two separate agreements is to be treated as income from house property.- in favour of assessee.
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