https://www.taxtmi.com/caselaws?id=26666 The High Court ruled in favor of the Revenue regarding the assessment of royalty income under the head 'Business'. However, it sided with the assessee on the determination of its status as a registered firm and the validity of the cancellation of registration. The judgment highlighted the distinction between income from business activities and income from other sources, ultimately categorizing the royalty income as falling under 'Other sources' rather than 'Business'. en-us Tue, 11 Feb 1986 00:00:00 +0530 Sat, 06 Feb 2010 16:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26666 The High Court ruled in favor of the Revenue regarding the assessment of royalty income under the head 'Business'. However, it sided with the assessee on the determination of its status as a registered firm and the validity of the cancellation of registration. The judgment highlighted the distinction between income from business activities and income from other sources, ultimately categorizing the royalty income as falling under 'Other sources' rather than 'Business'. Case-Laws Income Tax Tue, 11 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26666