https://www.taxtmi.com/caselaws?id=24993 Income from hiring a bulldozer was characterised as income from business rather than income from other sources on the basis that leasing machinery is a common profitmaking commercial activity and can constitute an adventure in the nature of trade. The reasoning relied on precedents distinguishing short-term partletting from systematic leasing, and treated use of idle factory assets during gestation as a business activity. The operative consequence is that rental receipts from the bulldozer are taxable under the head Business and not as Other Sources; the court answered the referred question in favour of the assessee with costs. en-us Thu, 21 Apr 1988 00:00:00 +0530 Wed, 04 Feb 2026 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24993 Income from hiring a bulldozer was characterised as income from business rather than income from other sources on the basis that leasing machinery is a common profitmaking commercial activity and can constitute an adventure in the nature of trade. The reasoning relied on precedents distinguishing short-term partletting from systematic leasing, and treated use of idle factory assets during gestation as a business activity. The operative consequence is that rental receipts from the bulldozer are taxable under the head Business and not as Other Sources; the court answered the referred question in favour of the assessee with costs. Case-Laws Income Tax Thu, 21 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24993