https://www.taxtmi.com/caselaws?id=75686 The High Court affirmed the Tribunal's decision to treat the rental income derived from letting out commercial properties as income from house property rather than business income. The Tribunal found that the assessee's main business was development and sale of properties, not renting out properties. The High Court relied on precedent and concluded that since the primary business activity was development and sale, the rental income should be categorized as income from house property. Therefore, the appeal was dismissed, and the Tribunal's decision was upheld. en-us Tue, 23 Dec 2008 00:00:00 +0530 Thu, 06 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75686 The High Court affirmed the Tribunal's decision to treat the rental income derived from letting out commercial properties as income from house property rather than business income. The Tribunal found that the assessee's main business was development and sale of properties, not renting out properties. The High Court relied on precedent and concluded that since the primary business activity was development and sale, the rental income should be categorized as income from house property. Therefore, the appeal was dismissed, and the Tribunal's decision was upheld. Case-Laws Income Tax Tue, 23 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75686