Income from licensing of running hotel is business income

Palmshore Hotels (P) Limited Vs. CIT (Appeals) (Kerala High Court)

The license agreement is dated 11^thof December, It is stated that the licensor is desirous of appointing a hotel operator who would operate the hotel “in conformity with standards comparable to hotels of similar standard and standing and consistent with the facilities provided in hotels of similar class upon the terms and conditions” set out in the agreement.

Thereafter, Article III of t

Please become a Premium member. If you are already a Premium member, login here to access the full content.