https://www.taxtmi.com/caselaws?id=65638 Rental receipts from letting out premises are taxable as income from house property where the owner merely exploits the property as landlord and does not carry on a separate business activity. On the facts, the assessee let the premises on a long-term monthly rent basis, retained no effective control over the occupation, and failed to produce reliable evidence of any substantive commercial services that could convert the receipts into business profits. The lease arrangement was treated as a normal landlord-tenant relationship, not a commercial adventure in the nature of trade. The authorities cited by the assessee were distinguished, and the house property head of income was applied. en-us Tue, 31 Jul 2001 00:00:00 +0530 Fri, 18 Feb 2011 10:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65638 Rental receipts from letting out premises are taxable as income from house property where the owner merely exploits the property as landlord and does not carry on a separate business activity. On the facts, the assessee let the premises on a long-term monthly rent basis, retained no effective control over the occupation, and failed to produce reliable evidence of any substantive commercial services that could convert the receipts into business profits. The lease arrangement was treated as a normal landlord-tenant relationship, not a commercial adventure in the nature of trade. The authorities cited by the assessee were distinguished, and the house property head of income was applied. Case-Laws Income Tax Tue, 31 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65638