https://www.taxtmi.com/caselaws?id=465888 Whether rental receipts from letting out warehouses are taxable as business income or as income from house property. The Tribunal found on facts that the assessee's dominant activity was construction and organized letting of godowns (supported by Form 3CD and conduct), invoked precedents of SC (Chennai Properties; Rayala) treating income from bare letting as business where letting is the taxpayer's sole/organised business, and distinguished contrary authorities. Consequence: the receipts were held to be profits and gains of business (not income from house property), with the assessee's plea for deduction under s.24(a) rejected; appeal decided against the assessee. en-us Tue, 09 Sep 2025 00:00:00 +0530 Mon, 12 Jan 2026 18:29:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465888 Whether rental receipts from letting out warehouses are taxable as business income or as income from house property. The Tribunal found on facts that the assessee's dominant activity was construction and organized letting of godowns (supported by Form 3CD and conduct), invoked precedents of SC (Chennai Properties; Rayala) treating income from bare letting as business where letting is the taxpayer's sole/organised business, and distinguished contrary authorities. Consequence: the receipts were held to be profits and gains of business (not income from house property), with the assessee's plea for deduction under s.24(a) rejected; appeal decided against the assessee. Case-Laws Income Tax Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465888