Lease rent - Business income OR income from house property - It...
Lease Rent Classified as "Income from House Property," Not Business Income, Due to Temporary Hotel Letting.
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Income TaxJanuary 17, 2013Case LawsAT
Lease rent - Business income OR income from house property - It is not a case that the assessee had to let out the hotel building for a temporary period due to some adverse business conditions. - lease rent is liable to be assessed under the head "Income from house property" - AT