https://www.taxtmi.com/caselaws?id=182960 The court determined that rental income from specific malls should be classified as "Income from Business" rather than "Income from House Property" based on the nature of the lease agreements and commercial activities involved. Additionally, the rental income from Fit Outs was also classified as "Income from Business" instead of "Income from House Property" due to the nature of activities and agreements. The court emphasized the importance of considering the intention behind the lease and the nature of commercial activities to determine the classification of rental income. en-us Tue, 03 Jun 2014 00:00:00 +0530 Wed, 25 May 2016 10:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182960 The court determined that rental income from specific malls should be classified as "Income from Business" rather than "Income from House Property" based on the nature of the lease agreements and commercial activities involved. Additionally, the rental income from Fit Outs was also classified as "Income from Business" instead of "Income from House Property" due to the nature of activities and agreements. The court emphasized the importance of considering the intention behind the lease and the nature of commercial activities to determine the classification of rental income. Case-Laws Income Tax Tue, 03 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182960