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2005 (1) TMI 36 - HC - Income TaxRental income from the property - "Whether Tribunal was right in law in holding that the rent receipts derived by the assessee-company from letting out of properties should be assessed under the head 'Business' thereby allowing the expenses incurred for letting out of properties as business expenditure?" - held that the income derived from letting out the property should be assessed as income from the "house property" and not under the head "Business" - we answer the question of law referred to us in the negative, in favour of the Revenue and against the assessee.
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