2014 (4) TMI 1135

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..... TAX-III v/s VELANKANI INFORMATION SYSTEMS (P) LTD [2013 (8) TMI 113 - KARNATAKA HIGH COURT ] In the instant case the assessee-company has engaged in the business of developing, operating and maintaining an industrial park and providing infrastructure facilities to different companies as its business. In view of that, the substantial question of law is held against the Revenue. - I.T.A. No. 73 .....

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..... to the tenants in Toyoto Technical Park falls under the head of business income and not under the Income from house property while setting aside the order passed by the Assessing Authority for the assessment year 2009-10. 2. The Revenue has raised the following substantial question of law for our consideration: In the facts and circumstances of the case, whether the Tribunal is right .....

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..... that the furniture and fittings are provided to the lessee, the income from the building fall under the head income from house property . But if the assessee is in the business of taking land, putting up commercial buildings thereon and letting out such buildings with all furniture as his profession or business, then notwithstanding the fact that he has constructed a building and he has also prov .....

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