https://www.taxtmi.com/caselaws?id=64681 The Tribunal held that the assessee-company's income from the property should be assessed under "Income from House Property" and not "Income from Business." The expenses claimed as business expenditure were disallowed as the income was categorized under "Property Income." The Tribunal determined that acquiring and letting out the property did not constitute a business activity but rather a landlord-tenant relationship. The lower authorities' decisions were upheld, and no adjustments to the income computation were deemed warranted. en-us Fri, 27 Dec 1985 00:00:00 +0530 Wed, 09 Feb 2011 12:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64681 The Tribunal held that the assessee-company's income from the property should be assessed under "Income from House Property" and not "Income from Business." The expenses claimed as business expenditure were disallowed as the income was categorized under "Property Income." The Tribunal determined that acquiring and letting out the property did not constitute a business activity but rather a landlord-tenant relationship. The lower authorities' decisions were upheld, and no adjustments to the income computation were deemed warranted. Case-Laws Income Tax Fri, 27 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64681