https://www.taxtmi.com/caselaws?id=342378 The Tribunal upheld that rental income from commercial properties should be classified as "income from business or profession" rather than "income from house property." The decision was based on the assessee's business activities of constructing and leasing commercial properties, aligning with previous Tribunal and High Court decisions emphasizing the business nature of the activity. The revenue's appeal was dismissed, affirming the classification of rental income. The cross-objection by the assessee was also dismissed. en-us Fri, 28 Apr 2017 00:00:00 +0530 Wed, 03 May 2017 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342378 The Tribunal upheld that rental income from commercial properties should be classified as "income from business or profession" rather than "income from house property." The decision was based on the assessee's business activities of constructing and leasing commercial properties, aligning with previous Tribunal and High Court decisions emphasizing the business nature of the activity. The revenue's appeal was dismissed, affirming the classification of rental income. The cross-objection by the assessee was also dismissed. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342378