https://www.taxtmi.com/caselaws?id=10802 The High Court ruled in favor of the appellant/Revenue, determining that income from properties let out to employees of sister concerns should be classified as income from house property under section 22 of the Income-tax Act. The Court rejected the Tribunal's decision to treat the rental income as business income under section 28, emphasizing that the properties were not directly occupied by the assessee for business purposes. The appeal was allowed in favor of the appellant/Revenue. en-us Tue, 06 Jul 2004 00:00:00 +0530 Sat, 25 Jul 2009 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10802 The High Court ruled in favor of the appellant/Revenue, determining that income from properties let out to employees of sister concerns should be classified as income from house property under section 22 of the Income-tax Act. The Court rejected the Tribunal's decision to treat the rental income as business income under section 28, emphasizing that the properties were not directly occupied by the assessee for business purposes. The appeal was allowed in favor of the appellant/Revenue. Case-Laws Income Tax Tue, 06 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10802