https://www.taxtmi.com/caselaws?id=55074 The appeal upheld the grant of registration to the assessee-firm for engaging in business activities, avoiding double taxation concerns. The firm's activities qualified as a business, justifying registration. However, the income from renting out property was correctly assessed under "income from house property," not "profits and gains of business," as per relevant case law. The assessment under the correct head was deemed justified, and the appeal partially allowed, affirming the assessment under "income from house property." en-us Mon, 19 Aug 1991 00:00:00 +0530 Tue, 23 Nov 2010 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55074 The appeal upheld the grant of registration to the assessee-firm for engaging in business activities, avoiding double taxation concerns. The firm's activities qualified as a business, justifying registration. However, the income from renting out property was correctly assessed under "income from house property," not "profits and gains of business," as per relevant case law. The assessment under the correct head was deemed justified, and the appeal partially allowed, affirming the assessment under "income from house property." Case-Laws Income Tax Mon, 19 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55074