{"id":61711,"date":"2016-08-16T14:13:00","date_gmt":"2016-08-16T08:43:00","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=61711"},"modified":"2016-09-13T15:10:40","modified_gmt":"2016-09-13T09:40:40","slug":"rent-received-by-a-company-from-a-house-property-to-be-treated-as-its-business-income-if-the-company-is-in-the-business-of-renting-properties","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/08\/16\/rent-received-by-a-company-from-a-house-property-to-be-treated-as-its-business-income-if-the-company-is-in-the-business-of-renting-properties\/","title":{"rendered":"Rent received by a company from a house property to be treated as it\u2019s business income if the company is in the business of renting properties"},"content":{"rendered":"

Supreme Court<\/strong>: In the matter where a house property had been rented and the assesse, a private limited company, was receiving income from the said property by way of rent, the question that arose before the bench of Anil R. Dave and L. Nageswara Rao, JJ was that whether the income so received should be taxed under the head \u201cIncome from House Property\u201d or \u201cProfit and gains of business or profession\u201d. The Court ordered in the favour of the assesse and held that the income so earned should be treated as its business income.<\/p>\n

It was contended by the assessee that the assessee company is in business of renting its properties and is receiving rent as its business income, the said income should be taxed under the Head \u201cProfits and gains of business or profession\u201d whereas the Revenue had contended that as the income is arising from House Property, the said income must be taxed under the head \u201cIncome from House Property\u201d.<\/p>\n

The Court relied upon the decision in Chennai Properties and Investments Ltd. v. Commissioner of Income Tax<\/em>, (2015) 14 SCC 793<\/a>, where it was held that if an assessee is having his house property and by way of business he is giving the property on rent and if he is receiving rent from the said property as his business income, the said income, even if in the nature of rent, should be treated as \u201cBusiness Income\u201d because the assessee is having a business of renting his property and the rent which he receives is in the nature of his business income. It was held that the said judgment squarely applies to the facts of the case at hand and hence, the High court of Madras was not correct while deciding that the income of the assesse should be treated as Income from House Property. [Rayala Corporation Pvt. Ltd v. Assistant Commissioner of Income Tax, 2016 SCC OnLine SC 806<\/a>, decided on 11.08.2016]<\/p>\n","protected":false},"excerpt":{"rendered":"

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Pannu (President) and Kul Bharat (Judicial Member) held that it won\u2019t make the assessee liable to a\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/ITATAO.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/ITATAO.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/ITATAO.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/ITATAO.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/ITATAO.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":315597,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/28\/del-hc-subscription-fee-income-not-classified-royalties-included-services-dtaa-and-income-tax-act-legal-news-scctimes\/","url_meta":{"origin":61711,"position":2},"title":"Delhi High Court: \u2018Subscription Fee\u2019 income not classified as \u2018royalties\u2019 or \u2018included services\u2019 under DTAA and IT Act","author":"Arunima","date":"February 28, 2024","format":false,"excerpt":"Delhi High Court elucidated the treatment of subscription fees vis-\u00e0-vis royalties and technical services under both the Double Taxation Avoidance Agreement (DTAA) and the Income Tax Act and clarified the distinction between income from subscription fees and payments for intellectual property rights or technical consultancy services.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Delhi High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":129611,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/05\/08\/section-14a-of-the-income-tax-act-1961-is-applicable-dividend-income-on-which-tax-is-payable-under-section-115-o-of-the-act\/","url_meta":{"origin":61711,"position":3},"title":"Section 14A of Income Tax Act, 1961 is applicable to dividend income on which tax is payable under Section 115-O of the Act","author":"Prachi Bhardwaj","date":"May 8, 2017","format":false,"excerpt":"Supreme Court: Answering the question as to whether the phrase \u201cincome which does not form part of total income under this Act\u201d appearing in Section 14A of the Income Tax Act, 1961 includes within its scope dividend income on shares in respect of which tax is payable under Section 115-O\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":373295,"url":"https:\/\/www.scconline.com\/blog\/post\/2026\/01\/21\/sc-explains-taxability-of-share-substitution-in-amalgamation\/","url_meta":{"origin":61711,"position":4},"title":"Supreme Court clarifies when share substitution on amalgamations is taxable under S. 28 Income Tax Act","author":"Arushi","date":"January 21, 2026","format":false,"excerpt":"Business profits must be concrete and commercially realisable, not mere paper adjustments. In amalgamation, substitution of shares that yield realisable assets of definite value constitutes taxable income under Section 28 of Income Tax Act, 1961, guided by the doctrine of real income to tax genuine gains while avoiding illusory ones.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"taxability of share substitution in amalgamation","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/taxability-of-share-substitution-in-amalgamation.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/taxability-of-share-substitution-in-amalgamation.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/taxability-of-share-substitution-in-amalgamation.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/taxability-of-share-substitution-in-amalgamation.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":365794,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/05\/latest-cases-on-income-tax-laws-itr-2\/","url_meta":{"origin":61711,"position":5},"title":"Cases Reported in ITR | Latest Cases on Income Tax Laws","author":"Shikha","date":"November 5, 2025","format":false,"excerpt":"Explore the latest cases reported in SCC\u2019s Income Tax Reports (ITR) Volume on Appeal, Refund, Assessment, Revision, Business expenditure, Recovery of Tax, Revision, Capital or Revenue receipt, Search and Seizure, Benami Transactions and much more.","rel":"","context":"In "Cases Reported"","block_context":{"text":"Cases Reported","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casesreported\/"},"img":{"alt_text":"Latest Cases on Income Tax Laws","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/61711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=61711"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/61711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/154914"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=61711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=61711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=61711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}