https://www.taxtmi.com/caselaws?id=793547 Rental receipts from premises let under a registered leave-and-licence arrangement for a fixed term were assessable as income from house property, not business income. The agreement showed letting of furnished office space with incidental facilities, and the collection of GST on the licence fee did not ermine the head of income under the Income-tax Act, 1961. Prior-year treatment was not decisive by itself, but the contract terms and absence of systematic business activity supported property income. The receipts were therefore correctly taxed under the head "Income from House Property", with entitlement to the standard deduction under section 24(a). en-us Mon, 15 Jun 2026 00:00:00 +0530 Wed, 17 Jun 2026 13:11:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793547 Rental receipts from premises let under a registered leave-and-licence arrangement for a fixed term were assessable as income from house property, not business income. The agreement showed letting of furnished office space with incidental facilities, and the collection of GST on the licence fee did not ermine the head of income under the Income-tax Act, 1961. Prior-year treatment was not decisive by itself, but the contract terms and absence of systematic business activity supported property income. The receipts were therefore correctly taxed under the head "Income from House Property", with entitlement to the standard deduction under section 24(a). Case-Laws Income Tax Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793547