https://www.taxtmi.com/caselaws?id=243198 The Tribunal upheld the CIT (A)'s decision that the income earned through property rentals should be classified as income from house property, not business income. The property was leased out for a long period, lacked complex commercial activities, and was not used for the assessee's business purposes. Therefore, the rental income was correctly assessed as income from house property, and the claim for depreciation was rejected. The appeals were dismissed, affirming the classification of rental income as income from house property. en-us Wed, 30 Nov 2011 00:00:00 +0530 Mon, 27 Jan 2014 21:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243198 The Tribunal upheld the CIT (A)'s decision that the income earned through property rentals should be classified as income from house property, not business income. The property was leased out for a long period, lacked complex commercial activities, and was not used for the assessee's business purposes. Therefore, the rental income was correctly assessed as income from house property, and the claim for depreciation was rejected. The appeals were dismissed, affirming the classification of rental income as income from house property. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243198