When an assessee-company exploits its property to earn income in form of rent, rental income received by assessee is chargeable to tax under head "income from house property" and not under head "profits and gains of business"

ITAT MUMBAI BENCHES `B’,

Batra Gulati Hotels Vs. ITO,

APPEAL NO: ITA NO. 655/Mum/2009,

DECIDED ON June 25,2010

ORDER
PER P.M. JAGTAP, A.M.

This appeal by the assessee is directed against the order of ld. CIT(A) XVI, Mumbai dtd. 27.10.08.

2. The assessee in the present case is a partnership firm which filed it

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