https://www.taxtmi.com/caselaws?id=183286 Receipts from licensing specially constructed film vaults were treated as business income because the arrangement was a composite commercial enterprise, not a bare letting of immovable property. The company had equipped the vaults for film storage, provided supporting facilities and staff, and retained operational control, so the income arose from organised business activity rather than from property ownership alone. On the same facts, the premises were regarded as being occupied by the company for its business, bringing the case within the statutory exception to income from property. The reference was answered in favour of the assessee. en-us Mon, 02 Jul 1962 00:00:00 +0530 Fri, 03 Jun 2016 16:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183286 Receipts from licensing specially constructed film vaults were treated as business income because the arrangement was a composite commercial enterprise, not a bare letting of immovable property. The company had equipped the vaults for film storage, provided supporting facilities and staff, and retained operational control, so the income arose from organised business activity rather than from property ownership alone. On the same facts, the premises were regarded as being occupied by the company for its business, bringing the case within the statutory exception to income from property. The reference was answered in favour of the assessee. Case-Laws Income Tax Mon, 02 Jul 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183286