https://www.taxtmi.com/caselaws?id=16451 Rental income from quarters attached to a factory that had been closed for decades was treated as rent from premises, not as business income. The Court applied its earlier ruling on the same issue and noted that the matter was already settled by the Supreme Court authorities relied on there. Because the income arose only from letting out the factory quarters to tenants, and not from any ongoing business activity, the Tribunal erred in classifying it as business income. The question was answered in the negative, in favour of the Revenue and against the assessee. en-us Thu, 02 Jul 1998 00:00:00 +0530 Mon, 07 Sep 2009 18:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16451 Rental income from quarters attached to a factory that had been closed for decades was treated as rent from premises, not as business income. The Court applied its earlier ruling on the same issue and noted that the matter was already settled by the Supreme Court authorities relied on there. Because the income arose only from letting out the factory quarters to tenants, and not from any ongoing business activity, the Tribunal erred in classifying it as business income. The question was answered in the negative, in favour of the Revenue and against the assessee. Case-Laws Income Tax Thu, 02 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16451