https://www.taxtmi.com/caselaws?id=338856 The Court upheld the assessee's position that the rental income should be classified as business income rather than income from house property. It emphasized that the firm's primary business objective was leasing out properties, leading to the conclusion that the rental income aligned with its core business activity. The Court dismissed the appeal, finding no substantial questions of law and highlighting the importance of analyzing the firm's activities and business objectives in determining income classification for tax purposes. en-us Mon, 30 Jan 2017 00:00:00 +0530 Sat, 01 Apr 2017 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338856 The Court upheld the assessee's position that the rental income should be classified as business income rather than income from house property. It emphasized that the firm's primary business objective was leasing out properties, leading to the conclusion that the rental income aligned with its core business activity. The Court dismissed the appeal, finding no substantial questions of law and highlighting the importance of analyzing the firm's activities and business objectives in determining income classification for tax purposes. Case-Laws Income Tax Mon, 30 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338856