https://www.taxtmi.com/caselaws?id=377447 Rental receipts from shop rooms in a shopping mall are taxable as business income where the owner does not act as a passive lessor but commercially exploits the asset through development, management, and provision of common facilities and services. The controlling test is the real nature of the exploitation of the property, not merely ownership of the building. On those facts, the receipts were not assessable as income from house property and were treated as profits and gains of business. en-us Wed, 27 Mar 2019 00:00:00 +0530 Thu, 28 Mar 2019 23:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377447 Rental receipts from shop rooms in a shopping mall are taxable as business income where the owner does not act as a passive lessor but commercially exploits the asset through development, management, and provision of common facilities and services. The controlling test is the real nature of the exploitation of the property, not merely ownership of the building. On those facts, the receipts were not assessable as income from house property and were treated as profits and gains of business. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377447