https://www.taxtmi.com/caselaws?id=62201 The Tribunal determined that the godown rent received by the assessee from the Director General of Supplies & Disposals under the Clearing and Forwarding contract should be classified as 'Income from business'. The key factors included the integrated nature of the contract, the provision of temporary storage as part of C & F operations, the retention of possession and control by the assessee, and the income arising in the ordinary course of business. The Tribunal overturned the reclassification by the Appellate Assistant Commissioner, restoring the Assessing Officer's initial classification. The Departmental appeal was successful. en-us Mon, 17 Jun 1991 00:00:00 +0530 Tue, 18 Jan 2011 15:02:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62201 The Tribunal determined that the godown rent received by the assessee from the Director General of Supplies & Disposals under the Clearing and Forwarding contract should be classified as 'Income from business'. The key factors included the integrated nature of the contract, the provision of temporary storage as part of C & F operations, the retention of possession and control by the assessee, and the income arising in the ordinary course of business. The Tribunal overturned the reclassification by the Appellate Assistant Commissioner, restoring the Assessing Officer's initial classification. The Departmental appeal was successful. Case-Laws Income Tax Mon, 17 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62201