https://www.taxtmi.com/caselaws?id=253845 The High Court of Madras upheld the classification of income from letting out warehouses and godowns as Business Income rather than Income from House Property. The court agreed with the lower authorities' assessment based on the nature of the activities and the company's Object Clauses, determining that the income derived from warehousing operations fell under the category of business income. As a result, the appeals filed by the Revenue were dismissed in favor of the assessee. en-us Mon, 01 Dec 2014 00:00:00 +0530 Fri, 14 Aug 2015 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253845 The High Court of Madras upheld the classification of income from letting out warehouses and godowns as Business Income rather than Income from House Property. The court agreed with the lower authorities' assessment based on the nature of the activities and the company's Object Clauses, determining that the income derived from warehousing operations fell under the category of business income. As a result, the appeals filed by the Revenue were dismissed in favor of the assessee. Case-Laws Income Tax Mon, 01 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253845