https://www.taxtmi.com/caselaws?id=17716 Lease rent received by the assessee was assessable as business income under section 28, following the earlier decision in the assessee's own case for prior assessment years; the income was therefore not taxable under the head "other sources". The claim to development rebate was rejected on the basis of the earlier decision in the assessee's case. Deduction under section 80J was also denied because the machinery had been let out, the lessee had control of its use, and the assessee could not be said to manufacture or produce articles, so the statutory condition in section 80J(4) was not met. en-us Thu, 21 Nov 1996 00:00:00 +0530 Thu, 24 Sep 2009 13:05:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17716 Lease rent received by the assessee was assessable as business income under section 28, following the earlier decision in the assessee's own case for prior assessment years; the income was therefore not taxable under the head "other sources". The claim to development rebate was rejected on the basis of the earlier decision in the assessee's case. Deduction under section 80J was also denied because the machinery had been let out, the lessee had control of its use, and the assessee could not be said to manufacture or produce articles, so the statutory condition in section 80J(4) was not met. Case-Laws Income Tax Thu, 21 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17716