Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Bombay HC Holds 'Income From Leasing Of Property' As 'Income From Business', Says Deciding Factor Is Not Ownership But Nature Of Activity
Income TaxOther Legal Matters
The Bombay High Court ruled that income from leasing property is classified as income from business rather than income from property ownership. This decision emphasizes the nature of activities over mere ownership, impacting tax implications for property owners engaged in leasing activities.
