Income from housing property or business income

Last updated: 26 July 2008

Court :

Brief :

Citation :
Keyaram Hotels P. Ltd. Vs. Asst.C.I.T.

Decision: Held by the Hon`ble Court that, assessee earned income by leasing the property, however neither commercial activity nor business activity carried out by the assessee even the object clause contained in MOA has not alter the nature of the activity of the assessee company. Therefore income from lease assessable as income from property