https://www.taxtmi.com/caselaws?id=16832 The court determined that the godown rent received by the appellant, a clearing and forwarding firm, was classified as "Income from business" rather than "Income from property." The court emphasized the appellant's primary role as a clearing agent, with the rent being incidental to their clearing and forwarding activities. The Income-tax Appellate Tribunal's decision was upheld, considering the appellant's predominant role as a trader. The judgment favored the Revenue, highlighting the significance of the appellant's business activities in defining the nature of the income received. en-us Wed, 11 Sep 1996 00:00:00 +0530 Sat, 12 Sep 2009 14:00:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16832 The court determined that the godown rent received by the appellant, a clearing and forwarding firm, was classified as "Income from business" rather than "Income from property." The court emphasized the appellant's primary role as a clearing agent, with the rent being incidental to their clearing and forwarding activities. The Income-tax Appellate Tribunal's decision was upheld, considering the appellant's predominant role as a trader. The judgment favored the Revenue, highlighting the significance of the appellant's business activities in defining the nature of the income received. Case-Laws Income Tax Wed, 11 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16832