https://www.taxtmi.com/caselaws?id=175807 Income from ownership, letting and ordinary management of house property was held to fall under the specific head of "property" rather than "business" under the Income-tax Act, 1922. The court treated rent collection and management as incidental steps to enjoy property income, not as business activity, and held that the fact that the owner was a company did not change the character of the receipt. The special scheme for taxing bona fide annual value of owned property prevailed over the general business provision, so the income was chargeable under Section 9 and not Section 10. en-us Mon, 09 Jan 1928 00:00:00 +0530 Sat, 05 Dec 2015 14:27:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175807 Income from ownership, letting and ordinary management of house property was held to fall under the specific head of "property" rather than "business" under the Income-tax Act, 1922. The court treated rent collection and management as incidental steps to enjoy property income, not as business activity, and held that the fact that the owner was a company did not change the character of the receipt. The special scheme for taxing bona fide annual value of owned property prevailed over the general business provision, so the income was chargeable under Section 9 and not Section 10. Case-Laws Income Tax Mon, 09 Jan 1928 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175807