Dodla International Ltd. v. ACIT (2021) 187 ITD 693 (Chennai) (Trib.)

S. 28(i) : Business income-Licence to run the hotel along with fully furnished hotel-Assessable as business income and not as income from house property. [S. 22]

Allowing the appeal of the assessee the Tribunal held that license fee received by assessee engaged in business of running a hotel, for licensing a fully furnished hotel along with license to run hotel is a business receipt, which is assessable under head ‘income from business or profession’ but not a rental income, assessable under head ‘income from house property. (AY. 2014-15)