CAN A PRIVATE LIMITED COMPANY HAVE A SELF OCCUPIED HOUSE PROPERTY?

1. Income from house property will be chargeable to tax as per the sec 22 charging section. The wording given in those sections are "The annual value of property consisting of any buildings or lands appurtenant thereto of which the assessee is the owner, other than such portions of such property as he may occupy for the purposes of any business or profession carried on by him the profits of which are chargeable to income-tax, shall be chargeable to income-tax under the head "Income from house property".
2. Sec 23(2) allows the assessee to take one house during the year where the annual value can be taken as Nil provided he is in occupation for his own residence or cannot occupy due to his employment.
3. The above two, are the conditions for claiming the Annual value of the property as Nil. 
4. If the private ltd company uses the house property for its business then it cannot claim it as self-occupied. Otherwise, there is nothing wrong with claiming the only house property available with the company as self-occupied. 
Please correct me if the above solution has an alternative view.