https://www.taxtmi.com/caselaws?id=20214 The court determined that the rental income from a residential building, not utilized for the assessee's business activities but rented out to tenants, should be classified as "Income from house property" under section 22 of the Income-tax Act, 1961. The claim for depreciation on the building was rejected as it was not used for the business of the assessee. The court ruled in favor of the Revenue, affirming the classification of rental income and denying the allowance of depreciation on the building. en-us Thu, 26 Aug 1993 00:00:00 +0530 Thu, 12 Nov 2009 14:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20214 The court determined that the rental income from a residential building, not utilized for the assessee's business activities but rented out to tenants, should be classified as "Income from house property" under section 22 of the Income-tax Act, 1961. The claim for depreciation on the building was rejected as it was not used for the business of the assessee. The court ruled in favor of the Revenue, affirming the classification of rental income and denying the allowance of depreciation on the building. Case-Laws Income Tax Thu, 26 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20214