https://www.taxtmi.com/highlights?id=63686 Correct head of income - Characterization of income - rental income as 'business income' or 'income from house property' - there is no doubt that assessee has object of renting out of the properties as per its object in Memorandum of Association (MOA) - income from property earned by the assessee is chargeable to tax as business income and not as income from house property. - AT en-us Thu, 26 May 2022 12:05:15 +0530 Thu, 26 May 2022 12:05:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63686 Correct head of income - Characterization of income - rental income as 'business income' or 'income from house property' - there is no doubt that assessee has object of renting out of the properties as per its object in Memorandum of Association (MOA) - income from property earned by the assessee is chargeable to tax as business income and not as income from house property. - AT Highlights Income Tax Thu, 26 May 2022 12:05:15 +0530 https://www.taxtmi.com/highlights?id=63686