https://www.taxtmi.com/caselaws?id=259172 Classification of rental receipts depends on whether letting forms the taxpayers business; where letting or subletting is carried out as a trading operation and the entitys objects, activities and dealings with property demonstrate that letting is its business, receipts must be taxed as business income. The decision applies prior appellate precedent distinguishing routine property assessment from cases where letting amounts to commercial trading, and rejects reliance on mere object-clause entries as determinative; consequence: income held to be income from business rather than income from house property for the assessee. en-us Thu, 09 Apr 2015 00:00:00 +0530 Tue, 13 Jan 2026 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259172 Classification of rental receipts depends on whether letting forms the taxpayers business; where letting or subletting is carried out as a trading operation and the entitys objects, activities and dealings with property demonstrate that letting is its business, receipts must be taxed as business income. The decision applies prior appellate precedent distinguishing routine property assessment from cases where letting amounts to commercial trading, and rejects reliance on mere object-clause entries as determinative; consequence: income held to be income from business rather than income from house property for the assessee. Case-Laws Income Tax Thu, 09 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259172