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of <h1>Godown income assessed as business, not property; High Court affirms Tribunal decision</h1> <h3>Commissioner Of Income-Tax Versus K. Vijaya Kumar</h3> Commissioner Of Income-Tax Versus K. Vijaya Kumar - [2000] 243 ITR 685, 111 TAXMANN 649 The High Court of Madras ruled that income from a godown used in connection with a business activity should be assessed under the head 'Business' and not as income from property. The Tribunal's decision was upheld, stating that the godown's use was intimately connected with the specific nature of the business activities carried out by the assessee. The court found no error in this view and ruled in favor of the assessee against the Revenue.
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