https://www.taxtmi.com/caselaws?id=185345 The High Court determined that the rental income derived by the assessee from shops, godowns, and Puja Bazar should be assessed as business income, not income from house property. The court held that the assessee, being in actual physical control and receiving rental income directly, should be considered the owner for tax purposes. The Tribunal and High Court ruled in favor of the assessee in various tax cases, dismissing the revenue's appeals and affirming that the rental income is to be treated as business income. en-us Fri, 28 Mar 2008 00:00:00 +0530 Wed, 10 Aug 2016 11:34:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185345 The High Court determined that the rental income derived by the assessee from shops, godowns, and Puja Bazar should be assessed as business income, not income from house property. The court held that the assessee, being in actual physical control and receiving rental income directly, should be considered the owner for tax purposes. The Tribunal and High Court ruled in favor of the assessee in various tax cases, dismissing the revenue's appeals and affirming that the rental income is to be treated as business income. Case-Laws Income Tax Fri, 28 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185345