https://www.taxtmi.com/caselaws?id=192319 The High Court of Karnataka determined that rental income should be categorized as "Income from Business" if the intention was to engage in complex commercial activities for earning income. The Court emphasized that the nature of income depends on the intention behind the lease and the activities conducted. The Court upheld the decision of the Appellate Authority and Tribunal, ruling in favor of the assessee and dismissing the appeal. en-us Tue, 09 Sep 2014 00:00:00 +0530 Wed, 24 May 2017 18:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192319 The High Court of Karnataka determined that rental income should be categorized as "Income from Business" if the intention was to engage in complex commercial activities for earning income. The Court emphasized that the nature of income depends on the intention behind the lease and the activities conducted. The Court upheld the decision of the Appellate Authority and Tribunal, ruling in favor of the assessee and dismissing the appeal. Case-Laws Income Tax Tue, 09 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192319