Allowing the appeal of the assessee , the Tribunal held that ,though Manufacturing activities were closed and premises given on lease , rental income is held to be assessable as business income since main activity of assessee is letting out the properties . As the rental income is assessed under the head business income remuneration paid to directors is also held to be allowable deduction .Followed Rayala Corpn . P. Ltd v. ACIT ( 2016) 386 ITR 500/243 Taxman 360 (SC) ( AY.2011-12)