Loss incurred in respect of investment made by assessee is to be treated as loss under the head other sources

INCOME TAX : Where assessee while working as director of company purchased one unit in a Hotel in USA but was not intending to run said unit himself but had given said unit for being run by a managing company, unit under consideration could not be construed to be a business undertaking of assessee, hence, loss from hotel unit was to be assessed under head 'income from other sources' and not as business loss

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