https://www.taxtmi.com/caselaws?id=371936 The High Court upheld the Tribunal's decision to classify rental income from letting out commercial premises as "Income from business or profession" rather than "Income from house property." The Court found that since the respondent's business activities included dealing in property by construction and letting out the same, the income should be categorized as business income. The Court relied on precedent and dismissed the Revenue's appeal, stating that the facts of the case aligned with established legal principles, resulting in the appeal being dismissed without costs. en-us Mon, 10 Dec 2018 00:00:00 +0530 Fri, 14 Dec 2018 07:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371936 The High Court upheld the Tribunal's decision to classify rental income from letting out commercial premises as "Income from business or profession" rather than "Income from house property." The Court found that since the respondent's business activities included dealing in property by construction and letting out the same, the income should be categorized as business income. The Court relied on precedent and dismissed the Revenue's appeal, stating that the facts of the case aligned with established legal principles, resulting in the appeal being dismissed without costs. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371936