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2013 (9) TMI 479 - AT - Income TaxIncome from house property - License fees - CIT followed previous decisions and held it as income from business - Held that:- mere fact that income is attached to property cannot be said to be assessable as income from house property if the main intention is not simply letting the property or any portion thereof. If the main intention is of exploiting immovable property by way of commercial activity, then the income must be held to be business income - appellant company with its professed objects as contained in its articles and memorandum as also reflected in its manner of activities and the nature of its dealings with the Haat properties, it is possible to say that the activities are part of its business activities - Folloing decision of Pfh Mall And Retail Management Limited. Versus Income-tax Officer, Ward - 8(3), Kolkata [2007 (5) TMI 258 - ITAT CALCUTTA-A] and Radhasoami Satsang Versus Commissioner of Income-Tax [1991 (11) TMI 2 - SUPREME Court] - Decided against Revenue.
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