INCOME TAX : Where according to Memorandum of Association, main object of assessee-company was to acquire properties such as land and building lease hold or free hold and also to earn rental income from these properties, income derived by assessee from leave and license agreement was to be chargeable to tax as business income and not as income from house propertyINCOME TAX : Where according to Memorandum of Association, main object of assessee-company was to acquire properties such as land and building lease hold or free hold and also to earn rental income from these properties, income derived by assessee from leave and license agreement was to be chargeable to tax as business income and not as income from house propertywww.taxmann.com Latest Case LawsRead More
