Property license fees is income from other sources and can not be treated as income from house property

HIGH COURT OF KARNATAKA Commissioner of Income Tax Vs ASK Bros. Family Trust  IT APPEAL NOS. 1071, 1072 & 1073 OF 2006 NOVEMBER 8, 2011   JUDGMENT 1. These appeals are filed by the Revenue being aggrieved by the order passed by the Income Tax Appellate Tribunal, Bangalore Bench ‘B’ (hereinafter called as ‘Tribunal’ for short) in ITA Nos. 1311 to 1313 (Bang.)/2003 for the Assessment years 1995-96 to 1997-98. 2. The assessee had filed its return of income for the assessment year 1996-97 on 31.3.1997. The return was assessed in the status of AOP...