Providing of fixtures & fittings to licencee of a premises would not make income from sub-letting of property as business income

 RELEVANT PARAGRAPH

6. We have heard learned counsel for the assessee. Learned counsel for the assessee drew our attention to various clauses in leave and license agreement and submitted that the premises were given purely on license basis with fixtures and fittings. It was also pointed out that under the license agreement, the assessee also retained duplicate key of the main entrance door, which indicates that the control and possession of the premises was alw

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