https://www.taxtmi.com/caselaws?id=62734 The income from letting out a godown was characterized as business income rather than income from house property. The appellate authority upheld this classification, emphasizing the godown's integral role in the assessee's business operations. Citing relevant case law, it was determined that the nature of the property and its use for business purposes distinguished it from mere house property income. The decision highlighted the close connection between the rental income and the assessee's core business activities, leading to the classification of the income as business income. en-us Wed, 15 Jan 2003 00:00:00 +0530 Fri, 21 Jan 2011 13:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62734 The income from letting out a godown was characterized as business income rather than income from house property. The appellate authority upheld this classification, emphasizing the godown's integral role in the assessee's business operations. Citing relevant case law, it was determined that the nature of the property and its use for business purposes distinguished it from mere house property income. The decision highlighted the close connection between the rental income and the assessee's core business activities, leading to the classification of the income as business income. Case-Laws Income Tax Wed, 15 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62734