https://www.taxtmi.com/caselaws?id=15704 The High Court denied the assessee-firm's entitlement to registration under the Income-tax Act, ruling that the income from letting out godowns should be assessed as property income, not business income. The court emphasized the lack of continuous business activity in the letting out of godowns and referenced previous judgments to support its decision. The court disagreed with the assessee's argument that the partnership's main activity constituted business income, ultimately supporting the Revenue's position and rejecting the assessee's claim for registration. en-us Tue, 15 Jun 1999 00:00:00 +0530 Thu, 27 Aug 2009 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15704 The High Court denied the assessee-firm's entitlement to registration under the Income-tax Act, ruling that the income from letting out godowns should be assessed as property income, not business income. The court emphasized the lack of continuous business activity in the letting out of godowns and referenced previous judgments to support its decision. The court disagreed with the assessee's argument that the partnership's main activity constituted business income, ultimately supporting the Revenue's position and rejecting the assessee's claim for registration. Case-Laws Income Tax Tue, 15 Jun 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15704