https://www.taxtmi.com/caselaws?id=785617 Characterisation of income focuses on whether receipts from leased space constitute business income or income from house property. Where the assessees object includes development and operation of IT/SEZ parks and the taxpayer provides essential amenities, services and organized facilities that make premises operational, such receipts are treated as income from business or profession; the provision cites consistency of earlier assessments treating similar receipts as business income, reinforcing that treatment. Reliance on precedents comparing nature of activity over ownership supports reclassification of rental receipts away from house property. en-us Thu, 22 Jan 2026 00:00:00 +0530 Wed, 28 Jan 2026 07:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785617 Characterisation of income focuses on whether receipts from leased space constitute business income or income from house property. Where the assessees object includes development and operation of IT/SEZ parks and the taxpayer provides essential amenities, services and organized facilities that make premises operational, such receipts are treated as income from business or profession; the provision cites consistency of earlier assessments treating similar receipts as business income, reinforcing that treatment. Reliance on precedents comparing nature of activity over ownership supports reclassification of rental receipts away from house property. Case-Laws Income Tax Thu, 22 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785617