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of <h1>Income from Machinery Hire Not Business Income; High Court Decision</h1> <h3>Commissioner Of Income-Tax Versus K. Narendra</h3> Commissioner Of Income-Tax Versus K. Narendra - [2000] 246 ITR 579, 120 TAXMANN 419 The High Court of Delhi ruled that income from letting out machinery on hire should be treated as 'income from other sources' and not 'business income'. The court based its decision on the fact that the assessee was not carrying on any business during the year. The judgment favored the Revenue over the assessee.
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