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2010 (1) TMI 98 - HC - Income TaxIncome from House Property and business income under section 22 and 28 – Rent – In this case Karnataka High Court on the basis of the findings of the Tribunal that the assessee itself is carrying on business in hotel industry. The 40% income has to be assessed only under “Business head” not in “other Sources” and the agreement between the parties indicate that 60 % income should be assessed under “Income from house property”, held that Tribunal had rightly answered this question in favour of assessee. The appeal has dismissed
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