https://www.taxtmi.com/caselaws?id=760610 Rental receipts from properties held and let as the assessee's principal business activity were taxable as business income, because the character of the income followed the business object and operation of the assessee. Where letting out properties was itself the main business and the entire income arose from that activity, the house property head did not apply; the East India Housing principle was confined to cases where letting was incidental to another dominant object, while the Chennai Properties approach applied here. The consistent treatment of the same receipts as business income in earlier years was also followed, as no material change in facts was shown. en-us Mon, 21 Oct 2024 00:00:00 +0530 Tue, 10 Feb 2026 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760610 Rental receipts from properties held and let as the assessee's principal business activity were taxable as business income, because the character of the income followed the business object and operation of the assessee. Where letting out properties was itself the main business and the entire income arose from that activity, the house property head did not apply; the East India Housing principle was confined to cases where letting was incidental to another dominant object, while the Chennai Properties approach applied here. The consistent treatment of the same receipts as business income in earlier years was also followed, as no material change in facts was shown. Case-Laws Income Tax Mon, 21 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760610