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Case lawHigh Court › Commissioner of Income-Tax v Shambhu Investment Pvt Ltd
High CourtHelps departments.22s.28(i)s.263s.256(2)

Commissioner of Income-Tax v Shambhu Investment Pvt Ltd

I let furnished table space with security, electricity, water and common amenities for a single monthly charge. Is that business income or income from house property?

I let furnished table space with security, electricity, water and common amenities for a single monthly charge. Is that business income or income from house property?

Income from house property, on these facts. The Calcutta High Court held that the mere attachment of income to immovable property is not by itself decisive; what must be seen is the assessee's primary object in exploiting the property. If the main intention is to let the property or a portion of it, the receipt is rental income; if it is to exploit the property by way of complex commercial activities, it is business income. Here there was no separate charge or agreement for furniture, fixtures or services, the monthly rent was comprehensive, and interest-free security advances of Rs 4,25,000 had already recovered the whole cost of the let portion. Applying the Sultan Brothers tests, the letting was inseparable and the object was letting.

Decided by the High Court (Calcutta High Court; Ashim Kumar Banerjee J and Y.R. Meena J, judgment by Ashim Kumar Banerjee J) on 2001-03-16, reported as (2001) 249 ITR 47 (Cal). It bears on section 22, section 28(i), section 263, section 256(2) of the Income Tax Act 1961, in House Property and Revision & Rectification matters.

Still good law. A judgment of 16 March 2001, reported at (2001) 249 ITR 47 (Cal), applying the five-judge Bench in Sultan Brothers Pvt Ltd v CIT. The source page records that it has been cited in 89 later matters, which were not read in this session. The primary-object test it states is widely applied, and the decision is commonly cited as having been affirmed by the Supreme Court, but that later judgment was not read in this session and the position was not independently verified here.

Why it matters

This is the source of the primary-object test that decides the recurring dispute over furnished office and table-space arrangements, and it was later affirmed by the Supreme Court. The test is easy to state and hard to satisfy: complex commercial activity, not the mere addition of amenities, is what moves the receipt into business income. The judgment also shows how the Sultan Brothers questions are applied in practice, and it introduces a factual indicator practitioners still use, that an interest-free deposit which recovers the whole cost of the property points towards letting rather than commercial exploitation. Read together with the cases it surveys, it maps the line: film vaults with retained keys and maintenance in National Storage, a hostel, a motel, a hall let for functions, and a building with an auditorium and central air-conditioning all fell on the business side, whereas furnished accommodation let for a comprehensive rent did not.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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Related

Other authorities on the same sections.

Used in these worked examples

Notice situations where this decision carries one of the steps.
What the housing loan actually takes off the rent, on a flat that was empty for five monthsI am working out my house property income for the year. The flat was let for seven months and lay empty for five, I am still running the interest from before I got possession, and there is a second flat in joint names - how much of the loan actually comes off, and what is the officer going to attack?