https://www.taxtmi.com/caselaws?id=237705 The High Court upheld the assessment of rental income from a commercial complex as "income from house property" rather than "business income." The court determined that since the partnership firm's income solely stemmed from letting out the commercial complex, it appropriately fell under the category of "income from house property." The appellant's argument that the income should be classified as "business income" due to the partnership's business activities was dismissed. The court found no significant legal issue to warrant further consideration, resulting in the dismissal of the appeal. en-us Tue, 19 Mar 2013 00:00:00 +0530 Sat, 05 Oct 2013 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237705 The High Court upheld the assessment of rental income from a commercial complex as "income from house property" rather than "business income." The court determined that since the partnership firm's income solely stemmed from letting out the commercial complex, it appropriately fell under the category of "income from house property." The appellant's argument that the income should be classified as "business income" due to the partnership's business activities was dismissed. The court found no significant legal issue to warrant further consideration, resulting in the dismissal of the appeal. Case-Laws Income Tax Tue, 19 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237705