Tax on Rent Income forming Part of complex commercial activity

If letting out could be demonstrated as part of complex commercial activity then rental income is to be assessed as income from business RELEVANT PARAGRAPHS 10. We have considered the rival submissions and perused the record of the case. From the various case laws cited by Id Counsel for the assessee and discussed in detail by the lower revenue authorities, the following two principles are clearly discemable. Firstly, if the income has been earned by mere exploiting of the ownership of the property, then the same is asses sable as income from house property. However exception to this rule is t...