https://www.taxtmi.com/caselaws?id=253316 Where rental receipts arise from letting commercial premises with amenities but the owner did not conduct any other business activity, such receipts fall within the statutory head of income from property and must be assessed as such; the heads of income are mutually exclusive and mere ownership or real estate activity by the owner does not convert property receipts into business income. An exception exists only where letting is inseparably linked to letting of business assets (eg, machinery or plant), which was not established on the facts, so the receipts are taxable as income from house property. en-us Tue, 11 Nov 2014 00:00:00 +0530 Wed, 12 Aug 2015 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253316 Where rental receipts arise from letting commercial premises with amenities but the owner did not conduct any other business activity, such receipts fall within the statutory head of income from property and must be assessed as such; the heads of income are mutually exclusive and mere ownership or real estate activity by the owner does not convert property receipts into business income. An exception exists only where letting is inseparably linked to letting of business assets (eg, machinery or plant), which was not established on the facts, so the receipts are taxable as income from house property. Case-Laws Income Tax Tue, 11 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253316