https://www.taxtmi.com/caselaws?id=257782 The High Court upheld the decision of the lower authorities, affirming that the rental income from property should be categorized as income from house property rather than business income for a Trust engaged in educational and charitable activities. The Court found that the Trust's activities, including renting out property for cell towers and events, did not constitute commercial exploitation but fell under the scope of income from house property. As both the Commissioner of Income Tax (Appeals) and the Tribunal had concurred on this classification, the Court dismissed the Revenue's appeal without costs. en-us Tue, 10 Mar 2015 00:00:00 +0530 Mon, 23 Mar 2015 06:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257782 The High Court upheld the decision of the lower authorities, affirming that the rental income from property should be categorized as income from house property rather than business income for a Trust engaged in educational and charitable activities. The Court found that the Trust's activities, including renting out property for cell towers and events, did not constitute commercial exploitation but fell under the scope of income from house property. As both the Commissioner of Income Tax (Appeals) and the Tribunal had concurred on this classification, the Court dismissed the Revenue's appeal without costs. Case-Laws Income Tax Tue, 10 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257782