https://www.taxtmi.com/caselaws?id=243586 Income earned by a local authority from granting hoarding licences was treated as income from other sources, not business income, because the activity was regulatory rather than commercial. The licensing power was linked to statutory control over public safety, convenience, morality, projections and encroachments, and not to a trade or business carried on for profit. The limited quantum of receipts also supported their character as incidental licence income. On that basis, the income was held to fall within the exemption framework under section 10(20) of the Income-tax Act, 1961. en-us Tue, 21 Jan 2014 00:00:00 +0530 Wed, 05 Feb 2014 09:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243586 Income earned by a local authority from granting hoarding licences was treated as income from other sources, not business income, because the activity was regulatory rather than commercial. The licensing power was linked to statutory control over public safety, convenience, morality, projections and encroachments, and not to a trade or business carried on for profit. The limited quantum of receipts also supported their character as incidental licence income. On that basis, the income was held to fall within the exemption framework under section 10(20) of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 21 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243586