https://www.taxtmi.com/caselaws?id=329321 The court remanded the case to the Assessing Officer to determine if income from letting out a godown should be classified as business income and if interest paid to partners is a permissible deduction. The court emphasized the need for factual evidence regarding the intention to resume the business. The appeal was disposed of without addressing the original questions raised, as further assessment was necessary. en-us Tue, 21 Jun 2016 00:00:00 +0530 Tue, 28 Jun 2016 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329321 The court remanded the case to the Assessing Officer to determine if income from letting out a godown should be classified as business income and if interest paid to partners is a permissible deduction. The court emphasized the need for factual evidence regarding the intention to resume the business. The appeal was disposed of without addressing the original questions raised, as further assessment was necessary. Case-Laws Income Tax Tue, 21 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329321