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2009 (10) TMI 554 - HC - Income TaxIncome received from building - under the name "Konny Building" is business income or not - assessee is engaged in letting out rooms in the lodging house and the Konny Building is one rented out to the bank on long-term lease - Held that: - letting out building on long-term lease is not a business activity at all - letting out building to the bank cannot be treated as business. It is to be assessed as income from property - Appeal is dismissed
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