https://www.taxtmi.com/caselaws?id=253316 Rental receipts from letting out commercial premises with incidental amenities were assessable as income from house property, not as business income, because the assessee carried on no independent business activity in relation to the receipts. The character of the income had to be determined from the source of the receipt and the true nature of the letting, rather than from the object clause or general business description of the assessee. Applying the rule that income falling within a specific statutory head must be assessed under that head, the Court treated the provision of incidental services as insufficient to change the character of the rental income. The assessment under the house property head was therefore upheld. 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 Rental receipts from letting out commercial premises with incidental amenities were assessable as income from house property, not as business income, because the assessee carried on no independent business activity in relation to the receipts. The character of the income had to be determined from the source of the receipt and the true nature of the letting, rather than from the object clause or general business description of the assessee. Applying the rule that income falling within a specific statutory head must be assessed under that head, the Court treated the provision of incidental services as insufficient to change the character of the rental income. The assessment under the house property head was therefore upheld. Case-Laws Income Tax Tue, 11 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253316