License Fees received for use of IT Parks assessable as Business Income

DCIT Vs Magarpatta Township Development and Construction Company Limited (ITAT Pune) It was submitted by the ld. DR that the assessee is a company which had undertaken development of integrated township. The assessee had claimed the license fees received from the persons for the use of the IT Parks provided along with various infra structural and other facilities and services under the head ‘Income from business’. However, the AO had considered the same under the head ‘Income from house property’. The Hon’ble High Court further held that the question was not press...