https://www.taxtmi.com/caselaws?id=69070 Ordinary letting of rooms, shops and other portions of a building after discontinuance of lodge business was treated as realisation of property rights, not trading activity, because incidental amenities such as maintenance, utilities and watch and ward did not change the essential character of the receipts; the income was therefore assessable as income from house property. Where no business activity survived in the firm and the receipts arose only from ownership of the property, the firm was not the proper taxable unit and assessment in the partners' hands in their respective shares was justified. en-us Mon, 25 Jul 1994 00:00:00 +0530 Fri, 20 Jan 2012 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69070 Ordinary letting of rooms, shops and other portions of a building after discontinuance of lodge business was treated as realisation of property rights, not trading activity, because incidental amenities such as maintenance, utilities and watch and ward did not change the essential character of the receipts; the income was therefore assessable as income from house property. Where no business activity survived in the firm and the receipts arose only from ownership of the property, the firm was not the proper taxable unit and assessment in the partners' hands in their respective shares was justified. Case-Laws Income Tax Mon, 25 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69070