https://www.taxtmi.com/caselaws?id=24667 The court ruled in favor of the assessee, holding that income derived from letting out sheds owned by the company and interest income from bank deposits should be assessed as income from business under section 256(1) of the Income-tax Act, 1961. The court rejected the Revenue's arguments and upheld the Tribunal's decision, emphasizing that both sources of income were integral to the company's business activities. en-us Thu, 19 Nov 1987 00:00:00 +0530 Thu, 21 Jan 2010 15:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24667 The court ruled in favor of the assessee, holding that income derived from letting out sheds owned by the company and interest income from bank deposits should be assessed as income from business under section 256(1) of the Income-tax Act, 1961. The court rejected the Revenue's arguments and upheld the Tribunal's decision, emphasizing that both sources of income were integral to the company's business activities. Case-Laws Income Tax Thu, 19 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24667