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2010 (9) TMI 91 - HC - Income TaxNature of Income - Licence fees as the business income - instead of income from other sources - assessee in leasing the business premises alongwith plant & machinery - depreciation on sugar unit - benefit of set off of brought forward business losses and investment allowance - income from other sources – Held that: - the rent received is the business income, which may be used to set off the earlier losses - covered by the aforesaid judgment in CIT Vs. Vikram Cotton Mills [1987 -TMI - 5247 - SUPREME Court] and are thus decided in favour of the assessee and against the department.
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