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![Income from Rent out Business is ‘Profits & gains of business’ not ‘Income from House property’: Supreme Court [Read Judgment] Income from Rent out Business is ‘Profits & gains of business’ not ‘Income from House property’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Rent-out-Business-Taxscan.jpg)
Income from Rent out Business is ‘Profits & gains of business’ not ‘Income from House property’: Supreme Court [Read Judgment]
In a recent case between M/s. Rayala Corporation Pvt. Ltd vs. Assistant Commissioner of Income Tax, the Supreme Court of India has declared that,...