https://www.taxtmi.com/caselaws?id=11783 The court affirmed that the rental income was not classified as business income but rather as 'income from other sources' based on the cessation of manufacturing activities and continuous leasing of premises since 1971. The court held that the wealth-tax order classifying assets as commercial did not affect income-tax proceedings, emphasizing the distinction between wealth-tax and income-tax concepts. The appeals were dismissed, and connected petitions were also rejected. en-us Mon, 11 Feb 2002 00:00:00 +0530 Mon, 08 Feb 2010 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11783 The court affirmed that the rental income was not classified as business income but rather as 'income from other sources' based on the cessation of manufacturing activities and continuous leasing of premises since 1971. The court held that the wealth-tax order classifying assets as commercial did not affect income-tax proceedings, emphasizing the distinction between wealth-tax and income-tax concepts. The appeals were dismissed, and connected petitions were also rejected. Case-Laws Income Tax Mon, 11 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11783