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2008 (1) TMI 368 - HC - Income TaxHotel business activities - hotel has been given to the Indian Hotels Company on lease under an agreement for an initial period of 33 years and giving option to renew the same for a further period of 33 years – since assessee has no intention to resume its business of hotel in the premises, amount received by the assessee from such company has to be treated as income from other sources and not a business income
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