Taxability of Income from Leasing of Hotel with amenities & maintenance services

Tax ability of Income from Leasing of Hotel with provision and maintenance of various facilities and amenities M/s. Kenton Leisure Services, P. Ltd. Vs. DCIT (ITAT Cochin)- It was held that lease rental income arising from agreements for letting on lease hostel premises along with provision and maintenance of various facilities and amenities would be taxable under the head ‘Income from Business’ as against ‘Income from House Property’. The characteristic of lease rental income as ‘Income from Business’ comes as a relief to taxpayers who lease out property al...