https://www.taxtmi.com/caselaws?id=25871 The Tribunal determined that the income of the assessee, a private limited company, was not assessable under the head 'Business' as claimed but should be categorized as "rents" from property and miscellaneous receipts under "Other sources." The Tribunal emphasized the need for a detailed factual investigation to ascertain whether the activities constituted a business under the Income-tax Act. Due to inconsistencies in decision-making for different assessment years, the matter was remitted to the Income-tax Officer for reassessment to ensure uniformity. The court directed the Tribunal to reevaluate the appeals based on the judgment's observations. en-us Wed, 27 Aug 1986 00:00:00 +0530 Mon, 01 Feb 2010 13:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25871 The Tribunal determined that the income of the assessee, a private limited company, was not assessable under the head 'Business' as claimed but should be categorized as "rents" from property and miscellaneous receipts under "Other sources." The Tribunal emphasized the need for a detailed factual investigation to ascertain whether the activities constituted a business under the Income-tax Act. Due to inconsistencies in decision-making for different assessment years, the matter was remitted to the Income-tax Officer for reassessment to ensure uniformity. The court directed the Tribunal to reevaluate the appeals based on the judgment's observations. Case-Laws Income Tax Wed, 27 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25871