Does Assessment of license fee come under the head ‘Income from business or profession’?

Last updated: 23 February 2021
Quick Summary
This Income Tax Appellate Tribunal case concerns whether license fee income, generated from an agreement with Orient Hotels Limited, should be taxed as 'income from business' or 'income from house property'. The assessee reported it as business income, but the CIT (Appeals) classified it as income from house property, a decision the assessee is appealing.

Court :
ITAT Chennai

Brief :
This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-1, Chennai, dated 30.07.2018 and pertains to assessment year 2014-15.

Citation :
ITA 3155/CHNY/2018

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