House property income classification upheld for furnished office letting under a leave-and-licence arrangement with incidental facilities.

Rental receipts from premises let under a registered leave-and-licence arrangement for a fixed term were assessable as income from house property, not business income. The agreement showed letting of furnished office space with incidental facilities, and the collection of GST on the licence fee did not ermine the head of income under the Income-tax Act, 1961. Prior-year treatment was not decisive by itself, but the contract terms and absence of systematic business activity supported property income. The receipts were therefore correctly taxed under the head "Income from House Property", with entitlement to the standard deduction under section 24(a).

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Issues: Whether rental receipts from the let out premises were assessable under the head "Income from House Property" or "Income from Business or Profession".

Analysis: The premises were given under a registered leave and licence arrangement for a fixed term, and the arrangement showed letting of a furnished office space with incidental facilities. The collection of GST on the licence fee did not determine the head of income under the Income-tax Act, 1961. The claim of consistency based on earlier years was not ative by itself, but the terms of the agreement and the absence of any systematic business activity supported assessment of the receipts as rental income from property.

Conclusion: The rental receipts were correctly assessable under the head "Income from House Property", and the assessee was entitled to the standard deduction under section 24(a) of the Income-tax Act, 1961.

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