2015 (12) TMI 306

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..... deriving rental income from letting out a commercial complex apart from income from other sources – Held that:- The Special Leave Petitions are dismissed. HC decision upheld [2014 (11) TMI 633 - MADRAS HIGH COURT] High Court [2014 (11) TMI 633 - MADRAS HIGH COURT] has held that:- The assessee had given its premises for rent and did not engage in any business activity at all – the AO computed the i .....

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..... herefore, the rental received for the building had to be assessed under the head "Income from other sources" - where the owner of the property exploited the property by leasing out the same and realised income by way of rent, the same was to be assessed under the head "Income from house property" and not as "business income" – the order of the Tribunal is upheld – decided against assessee.
Refe .....

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