Income/loss from letting out of multiplex/shopping mall and cinema theatre along with amenities was to be assessed under head ‘business income’ of the assessee and not ‘Income from house property’ as main intention was found to be exploitation of property by way of commercial activities. As held by Apex Court in Chennai Properties & Investment Ltd that where the letting of the properties was in fact the business of the assessee, the income arising therefrom was to be treated under the head “Income from Business” and that it cannot be treated as income from House Property. Thus, assessee was also entitled to the claim of deductions in respect of expenditure incurred and depreciation on assets etc. in relation to such income SHREEJI EXHIBITORS vs.ASSISTANT COMMISSIONER OF INCOME TAX BOMBAY TRIBUNAL Aug 14, 2015 (2015) 44 CCH 0492 MumTrib