https://www.taxtmi.com/caselaws?id=10077 The High Court allowed the appeal, setting aside the order assessing rental income from a building under "Profits and gains of business." The court emphasized the need to establish ownership and property exploitation before assessing rental income as house property income. It found a lack of clear findings on these aspects in the previous assessment order and appellate decisions. The court remitted the matter to the Assessing Officer for a fresh consideration based on the factual questions highlighted, highlighting the importance of factual findings in determining the nature of rental income. en-us Tue, 06 Jul 2004 00:00:00 +0530 Tue, 07 Jul 2009 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10077 The High Court allowed the appeal, setting aside the order assessing rental income from a building under "Profits and gains of business." The court emphasized the need to establish ownership and property exploitation before assessing rental income as house property income. It found a lack of clear findings on these aspects in the previous assessment order and appellate decisions. The court remitted the matter to the Assessing Officer for a fresh consideration based on the factual questions highlighted, highlighting the importance of factual findings in determining the nature of rental income. Case-Laws Income Tax Tue, 06 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10077