https://www.taxtmi.com/caselaws?id=275936 Receipts arising from an assessee's financing and allied business activities were held to fall under the head profits and gains of business or profession, because the income was found to have arisen from business operations and not from a separate source outside the business head. The revenue's treatment of the receipts as income from other sources was rejected on the facts recorded, as the assessee's business character of the receipts remained determinative. en-us Fri, 10 Oct 2014 00:00:00 +0530 Tue, 23 Oct 2018 13:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275936 Receipts arising from an assessee's financing and allied business activities were held to fall under the head profits and gains of business or profession, because the income was found to have arisen from business operations and not from a separate source outside the business head. The revenue's treatment of the receipts as income from other sources was rejected on the facts recorded, as the assessee's business character of the receipts remained determinative. Case-Laws Income Tax Fri, 10 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275936