https://www.taxtmi.com/caselaws?id=331138 Whether rental receipts of the taxpayer constitute "Income from House Property" or "Profits and gains of business or profession." Court reasoned that the taxpayer's admitted sole business is leasing property and earning rent, and applying the principles in prior precedent the receipts arise from business activity rather than passive house property income. Consequently the High Court's classification was incorrect; its judgments were set aside and the rental income is held taxable under the head "Profits and gains of business or profession." No order as to costs. en-us Thu, 11 Aug 2016 00:00:00 +0530 Tue, 13 Jan 2026 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331138 Whether rental receipts of the taxpayer constitute "Income from House Property" or "Profits and gains of business or profession." Court reasoned that the taxpayer's admitted sole business is leasing property and earning rent, and applying the principles in prior precedent the receipts arise from business activity rather than passive house property income. Consequently the High Court's classification was incorrect; its judgments were set aside and the rental income is held taxable under the head "Profits and gains of business or profession." No order as to costs. Case-Laws Income Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331138