https://www.taxtmi.com/caselaws?id=26969 The High Court ruled against the assessee and in favor of the Revenue, determining that there was no valid partnership in law and that letting out a building does not constitute a business activity. The court emphasized the distinction between income from business and property, instructing the Income-tax Officer to assess the income derived from letting out properties under the head "Property" as per relevant sections of the Income-tax Act. The court also highlighted the Commissioner of Income-tax's role in reviewing assessments and exercising revisionary powers when needed. The request for leave to appeal to the Supreme Court was denied. en-us Thu, 29 Nov 1984 00:00:00 +0530 Tue, 09 Feb 2010 17:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26969 The High Court ruled against the assessee and in favor of the Revenue, determining that there was no valid partnership in law and that letting out a building does not constitute a business activity. The court emphasized the distinction between income from business and property, instructing the Income-tax Officer to assess the income derived from letting out properties under the head "Property" as per relevant sections of the Income-tax Act. The court also highlighted the Commissioner of Income-tax's role in reviewing assessments and exercising revisionary powers when needed. The request for leave to appeal to the Supreme Court was denied. Case-Laws Income Tax Thu, 29 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26969