https://www.taxtmi.com/caselaws?id=12727 Receipts from rent, interest and sale of plot were treated as business income because the assessee's business objects covered acquisition, leasing and exploitation of immovable property, and the concurrent factual findings showed business-linked receipts. The depreciation objection regarding the let-out property was rejected because the claim related only to that property, and the Tribunal's reading of S.G. Mercantile Corporation P. Ltd. v. CIT was found to involve no tenable error. On that basis, no substantial question of law arose from the Tribunal's decision. en-us Mon, 15 Oct 2001 00:00:00 +0530 Thu, 21 May 2009 15:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12727 Receipts from rent, interest and sale of plot were treated as business income because the assessee's business objects covered acquisition, leasing and exploitation of immovable property, and the concurrent factual findings showed business-linked receipts. The depreciation objection regarding the let-out property was rejected because the claim related only to that property, and the Tribunal's reading of S.G. Mercantile Corporation P. Ltd. v. CIT was found to involve no tenable error. On that basis, no substantial question of law arose from the Tribunal's decision. Case-Laws Income Tax Mon, 15 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12727