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2008 (1) TMI 101 - HC - Income TaxIncome derived from leasing of the 'commercial property' - it is clear that assessee was only exploiting the property as owner by leasing out the same & realised income by way of rent. Such rental income is liable to be assessed as “income from house property” not as “business income” - in computation of long term capital gains, fair market price of property fixed by Comm., which has been affirmed by appellate authority requires no re-consideration in this appeal, as it is factual in nature
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