https://www.taxtmi.com/caselaws?id=202934 Classification of rental receipts focuses on whether income is business income or income from house property; each assessment year is adjudicated independently, so prior treatment does not operate as res judicata or absolute estoppel for subsequent years, although Revenue must not change views mechanically and may depart from prior treatment only for justifiable reasons such as change of circumstances, non-consideration of material, or jurisdictional failure. Where property was constructed exclusively for commercial letting as part of trade, the receipts qualify as business income rather than income from house property. en-us Mon, 24 May 2010 00:00:00 +0530 Fri, 30 Jan 2026 11:01:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202934 Classification of rental receipts focuses on whether income is business income or income from house property; each assessment year is adjudicated independently, so prior treatment does not operate as res judicata or absolute estoppel for subsequent years, although Revenue must not change views mechanically and may depart from prior treatment only for justifiable reasons such as change of circumstances, non-consideration of material, or jurisdictional failure. Where property was constructed exclusively for commercial letting as part of trade, the receipts qualify as business income rather than income from house property. Case-Laws Income Tax Mon, 24 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202934