https://www.taxtmi.com/caselaws?id=7513 An activity combining professional skill with plant, machinery, assistants and an organised commercial set-up may be treated as "business" for income-tax purposes, even if it arises from a profession. The text explains that the inclusive definition of business has wide amplitude and that a composite professional-commercial activity can carry a trading character sufficient to attract fiscal benefits. On that reasoning, development rebate under section 10(2)(vib) was available, and the revenue view that the activity lacked commercial character was not sustainable. en-us Fri, 21 Feb 1969 00:00:00 +0530 Sat, 21 Feb 2009 19:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7513 An activity combining professional skill with plant, machinery, assistants and an organised commercial set-up may be treated as "business" for income-tax purposes, even if it arises from a profession. The text explains that the inclusive definition of business has wide amplitude and that a composite professional-commercial activity can carry a trading character sufficient to attract fiscal benefits. On that reasoning, development rebate under section 10(2)(vib) was available, and the revenue view that the activity lacked commercial character was not sustainable. Case-Laws Income Tax Fri, 21 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7513