https://www.taxtmi.com/caselaws?id=346593 The appeal involved the categorization of rental income from leasing property as business income or income from house property for the Assessment Year 2006-07. The assessee, having ceased its textile mill business, leased out factory premises. The Tribunal determined that the rental income was not from house property but from other sources due to the factory building's original purpose for textile business. The Assessing Officer was directed to assess the income accordingly, allowing deductions as per the Income Tax Act. The appeal was partly allowed, with the judgment pronounced on 28th April 2017. en-us Fri, 28 Apr 2017 00:00:00 +0530 Sat, 19 Aug 2017 08:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346593 The appeal involved the categorization of rental income from leasing property as business income or income from house property for the Assessment Year 2006-07. The assessee, having ceased its textile mill business, leased out factory premises. The Tribunal determined that the rental income was not from house property but from other sources due to the factory building's original purpose for textile business. The Assessing Officer was directed to assess the income accordingly, allowing deductions as per the Income Tax Act. The appeal was partly allowed, with the judgment pronounced on 28th April 2017. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346593