Treatment of rental income from commercial properties as income under the head ‘House Property’ instead of 'Income from Business Income'

Last updated: 19 April 2021
Quick Summary
This case concerns whether rental income from commercial properties should be classified as 'Income from House Property' or 'Income from Business'. The assessee company, involved in constructing commercial complexes and earning rental income, initially declared this income under 'Profit and Gains of Business or Profession'. However, the Assessing Officer reclassified it as 'Income from House Property'. The appeal challenges this reclassification.

Court :
ITAT New Delhi

Brief :
This appeal is directed against the order dated 31st August, 2017 passed by the learned Commissioner of Income-tax (Appeals)-43, New Delhi [in short “the learned CIT(A)’] for assessment year 2013-14 raising the following grounds:

Citation :
ITA 6936/DEL/2017

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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