https://www.taxtmi.com/caselaws?id=377447 The court determined that the income derived by the assessee from letting out shop rooms in the shopping mall should be classified as "profits and gains of business" rather than "income from house property." The court upheld the Tribunal's findings, emphasizing the commercial nature of the assessee's activities beyond mere property rental. The appeal by the revenue was dismissed, affirming that the income in question constituted business income. 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 The court determined that the income derived by the assessee from letting out shop rooms in the shopping mall should be classified as "profits and gains of business" rather than "income from house property." The court upheld the Tribunal's findings, emphasizing the commercial nature of the assessee's activities beyond mere property rental. The appeal by the revenue was dismissed, affirming that the income in question constituted business income. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377447