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Income from rent when engaged in the business of letting is assessable as "business profits"

Rayala Corporation Pvt. Ltd vs. ACIT

S. 28: Income from letting of property on rent by an assessee engaged in the business of letting is assessable as "business profits" u/s 28 and not as "Income from house property" u/s 22

 Article referred: http://itatonline.org/archives/rayala-corporation-pvt-ltd-vs-acit-supreme-court-s-28-income-from-letting-of-property-on-rent-by-an-assessee-engaged-in-the-business-of-letting-is-assessable-as-business-profits-us-28-and-not-a/

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