https://www.taxtmi.com/caselaws?id=24222 The High Court held that the rental income derived by the assessee from leasing out a part of the factory building constituted business income. Despite the temporary lease, the main part of the factory was still used for business activities, supporting the commercial nature of the lease. Legal precedents and factual considerations favored this classification, leading to the rejection of the Revenue's appeal. en-us Mon, 07 Nov 1988 00:00:00 +0530 Mon, 18 Jan 2010 16:17:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24222 The High Court held that the rental income derived by the assessee from leasing out a part of the factory building constituted business income. Despite the temporary lease, the main part of the factory was still used for business activities, supporting the commercial nature of the lease. Legal precedents and factual considerations favored this classification, leading to the rejection of the Revenue's appeal. Case-Laws Income Tax Mon, 07 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24222