Leasing Income of building which includes providing infrastructural facility for running IT Company is business income

HIGH COURT OF MADRAS Commissioner of Income-tax, Chennai Versus Elnet Technologies Ltd. TAX CASE (APPEAL) NOS. 2336 & 2623 OF 2006 and 2169 OF 2008 OCTOBER 9, 2012 JUDGMENT Mrs. Chitra Venkataraman, J. The above Tax Case (Appeals) are at the instance of the Revenue against the order of the Tribunal relating to assessment years 2001-02, 1995-96 and 1996-97 respectively by raising the following substantial questions of law:- “1. Whether in the facts and in the circumstances of the case the Tribunal was right in holding that the income derived from letting out of proper...