27 December 2013
I have income related to house property but shown in ITR as U/H income from business & profession I want to justify by any case law who can help me
29 December 2013
CIT v. Halai Nemon Association [2000] 243 ITR 439 (Mad.
Karanpura Development Co. Ltd. v. CIT [1962] 44 ITR 362 (SC).
however, please note that more often than note, it will be classified as income from house property. in very limited circumstances, it is allowed as business income.