https://www.taxtmi.com/caselaws?id=5138 A long-term lease of a sugar factory, machinery and connected assets, where the assessee had effectively parted with the entire commercial apparatus, produced royalty income assessable as income from other sources under section 12 and not as business income under section 10 of the Income-tax Act, 1922. The royalty measured by production did not change the character of the receipt, because the assessee was no longer carrying on the manufacturing business through the leased assets. Additional depreciation and development rebate were also not allowable under section 12, as the special allowances in section 10(2)(via) and section 10(2)(vib) could not be imported into section 12 except where the statute expressly permitted. en-us Wed, 19 Feb 1969 00:00:00 +0530 Thu, 20 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5138 A long-term lease of a sugar factory, machinery and connected assets, where the assessee had effectively parted with the entire commercial apparatus, produced royalty income assessable as income from other sources under section 12 and not as business income under section 10 of the Income-tax Act, 1922. The royalty measured by production did not change the character of the receipt, because the assessee was no longer carrying on the manufacturing business through the leased assets. Additional depreciation and development rebate were also not allowable under section 12, as the special allowances in section 10(2)(via) and section 10(2)(vib) could not be imported into section 12 except where the statute expressly permitted. Case-Laws Income Tax Wed, 19 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5138