https://www.taxtmi.com/caselaws?id=192863 Rent from residential quarters let to employees was treated as an incident of the company's business, not as a separate property source. Because the quarters were maintained for business purposes and the letting was subservient to the main business, the receipts fell within the exception to section 9 relating to property used for business. The rent was also separately ascertainable and severable from rent received from outsiders. On that basis, the employee-quarter rent was assessable as business income under section 10 rather than as income from property under section 9. en-us Wed, 20 Apr 1960 00:00:00 +0530 Tue, 27 Jun 2017 17:18:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192863 Rent from residential quarters let to employees was treated as an incident of the company's business, not as a separate property source. Because the quarters were maintained for business purposes and the letting was subservient to the main business, the receipts fell within the exception to section 9 relating to property used for business. The rent was also separately ascertainable and severable from rent received from outsiders. On that basis, the employee-quarter rent was assessable as business income under section 10 rather than as income from property under section 9. Case-Laws Income Tax Wed, 20 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192863