Receipts from leasing of cinema hall with furniture & fixtures, plant & machineries and other amenities, was “business income”

Deep Muliplex P. Ltd. Vs DCIT (ITAT Ahmedabad)

The question before us is, whether the receipts derived from leasing out of the cinema hall, along with furniture & fixtures, plant & machineries and other amenities, was ‘business income’  as contended by the assessee or ‘income from other sources’ as treated by the Department.

During the course of hearing judgment of Hon’ble jurisdictional High Court in the case of CIT Vs. Tirupati Organize

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