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![Income from Leasing out the Property is ‘Business Income’ if the main Object of Activity is to Make Profit: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/For-Lease-Taxscan.jpg "Income from Leasing out the Property is ‘Business Income’ if the main Object of Activity is to Make Profit: ITAT Hyderabad [Read Order]")
Income from Leasing out the Property is ‘Business Income’ if the main Object of Activity is to Make Profit: ITAT Hyderabad [Read Order]
In a recent ruling, the division bench of the ITAT, Hyderabad held that, if the main object of leasing out a property is to make profit, the same is...