Can a business of letting out properties be treated as income from business and profession?

CA Nikhil Arora (Chartered Accountant) (91 Points)

10 May 2019  

Dear All

A Firm Doing The business of letting out the properties by developing it be treated as Income from Business or Profession or it will be treated as Income From House property.

Will the Judgement of Chennai Properties and Investment Ltd will apply?

Thanks in Advance