https://www.taxtmi.com/caselaws?id=756661 HC held that income received by the assessee from property must be accepted as income from house property, not business income. The court rejected Revenue's broader reading of Section 22 to exclude taxpayers engaged in letting properties, finding no legislative basis for such a carve-out. The Tribunal's allowance based on consistent treatment in prior assessment years was upheld; absence of new facts justified maintaining that position. No substantial question of law was found. en-us Tue, 09 Jul 2024 00:00:00 +0530 Sat, 20 Sep 2025 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756661 HC held that income received by the assessee from property must be accepted as income from house property, not business income. The court rejected Revenue's broader reading of Section 22 to exclude taxpayers engaged in letting properties, finding no legislative basis for such a carve-out. The Tribunal's allowance based on consistent treatment in prior assessment years was upheld; absence of new facts justified maintaining that position. No substantial question of law was found. Case-Laws Income Tax Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756661