https://www.taxtmi.com/caselaws?id=3195 HC held rental receipts were business income, not income from house property, because the assessee's properties formed stock-in-trade in its construction and sale/letting business. The Tribunal's comparison of rental income with dividend or interest was unjustified and the issue was not previously raised before subordinate forums. Records showed most units were sold and only the ground floor was let, demonstrating the property's character as stock-in-trade from the outset. The reference was answered in favor of the Revenue and disposed of accordingly. en-us Fri, 18 Aug 2006 00:00:00 +0530 Thu, 18 Sep 2025 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3195 HC held rental receipts were business income, not income from house property, because the assessee's properties formed stock-in-trade in its construction and sale/letting business. The Tribunal's comparison of rental income with dividend or interest was unjustified and the issue was not previously raised before subordinate forums. Records showed most units were sold and only the ground floor was let, demonstrating the property's character as stock-in-trade from the outset. The reference was answered in favor of the Revenue and disposed of accordingly. Case-Laws Income Tax Fri, 18 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3195