https://www.taxtmi.com/highlights?id=51315 Nature of income - rental income from letting out of some adjoining shops by the assessee company to one person - An independent let out of property could be possibly regarded as ‘business income’ only where some elements/characters of business is present. Dominant intention to let out property as ‘business activity’ is not shown to exist. en-us Mon, 20 Jan 2020 08:59:06 +0530 Mon, 20 Jan 2020 08:59:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51315 Nature of income - rental income from letting out of some adjoining shops by the assessee company to one person - An independent let out of property could be possibly regarded as ‘business income’ only where some elements/characters of business is present. Dominant intention to let out property as ‘business activity’ is not shown to exist. Highlights Income Tax Mon, 20 Jan 2020 08:59:06 +0530 https://www.taxtmi.com/highlights?id=51315