Assessment of income from running of business centre

RELEVANT PARAGRAPHS: 7. Rival submissions of the parties have been considered carefully. The question for our consideration is whether the income accruing to the assessee should be assessed as `business income’ as claimed by the assessee or partly as `income from house property’ and partly as `income from other sources’ as held by the Assessing Officer Officer. At the outset, we may mention that the Assessing Officer has committed-a mistake in computing the income arising from sublet property inasmuch as service charges received have been considered under the head ‘inco...