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1998 (11) TMI 669 - AT - Income TaxExtract: .......rive profit from business conducted by it. Therefore, the rent receipt derived by the assessee-company, in the light of the above decisions, is clearly to be held as ‘business income’ and not as ‘income from house property’. 6. In view of the above, the orders of the authorities below are set aside and the appeal is allowed.
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