https://www.taxtmi.com/caselaws?id=249171 The Tribunal upheld the assessment of rental income as 'income from house property' for the assessment year 2005-06, dismissing the Assessee's appeal to classify it as 'business income'. The original lease agreement had expired, leading to the income being deemed as from house property. The Tribunal emphasized that even income from an illegal occupant falls under this category. The assessment was maintained at the returned amount, pending any revision by the high court where the matter was subjudice. en-us Fri, 13 Jun 2014 00:00:00 +0530 Mon, 07 Jul 2014 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249171 The Tribunal upheld the assessment of rental income as 'income from house property' for the assessment year 2005-06, dismissing the Assessee's appeal to classify it as 'business income'. The original lease agreement had expired, leading to the income being deemed as from house property. The Tribunal emphasized that even income from an illegal occupant falls under this category. The assessment was maintained at the returned amount, pending any revision by the high court where the matter was subjudice. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249171