https://www.taxtmi.com/caselaws?id=63501 The tribunal upheld the decision that the rental income should be classified as 'Income from house property' rather than 'business income'. The tribunal found that the property constituted a building and that letting it out did not amount to carrying on a business. The tribunal also remanded the issue of disallowance of business expenses for fresh consideration by the Assessing Officer. The appeal was partly allowed for statistical purposes, maintaining the classification of rental income while directing a reassessment of business expenses. en-us Fri, 29 Dec 2000 00:00:00 +0530 Mon, 31 Jan 2011 13:10:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63501 The tribunal upheld the decision that the rental income should be classified as 'Income from house property' rather than 'business income'. The tribunal found that the property constituted a building and that letting it out did not amount to carrying on a business. The tribunal also remanded the issue of disallowance of business expenses for fresh consideration by the Assessing Officer. The appeal was partly allowed for statistical purposes, maintaining the classification of rental income while directing a reassessment of business expenses. Case-Laws Income Tax Fri, 29 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63501