https://www.taxtmi.com/caselaws?id=19450 The court held that the rental income received by the assessee from Vijaya Bank was not to be classified as business income but as income from other sources. The court emphasized that the tenancy rights were not commercial assets and that the sub-letting was not a business activity but a means to generate rental income. Relying on legal principles and precedents, the court concluded that income from letting out property should be assessed under the head "income from house property" or "income from other sources." The judgment favored the Revenue, ruling against the assessee without costs. en-us Wed, 16 Nov 1994 00:00:00 +0530 Fri, 06 Nov 2009 12:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19450 The court held that the rental income received by the assessee from Vijaya Bank was not to be classified as business income but as income from other sources. The court emphasized that the tenancy rights were not commercial assets and that the sub-letting was not a business activity but a means to generate rental income. Relying on legal principles and precedents, the court concluded that income from letting out property should be assessed under the head "income from house property" or "income from other sources." The judgment favored the Revenue, ruling against the assessee without costs. Case-Laws Income Tax Wed, 16 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19450