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1985 (10) TMI 55 - HC - Income TaxExtract: .......tallation. The provisions of section 56(2)(ii) of the Income-tax Act, 1961, do not, therefore, apply. Accordingly, the income derived by the assessee from the premises under the leases cannot be taxed under the head Income from other sources but must be taxed as income from property. The question is so answered. There shall be no order as to costs.
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