https://www.taxtmi.com/caselaws?id=27381 The court determined that income from letting out a factory building should be classified as 'Income from other sources' rather than 'Profits and gains of business or profession'. The court found that the letting out did not involve commercial exploitation of the asset, leading to the income being categorized as from "Other sources". The decision favored the Department over the assessee, with no costs awarded due to the lack of representation for the assessee. en-us Thu, 16 Feb 1984 00:00:00 +0530 Fri, 12 Feb 2010 13:59:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27381 The court determined that income from letting out a factory building should be classified as 'Income from other sources' rather than 'Profits and gains of business or profession'. The court found that the letting out did not involve commercial exploitation of the asset, leading to the income being categorized as from "Other sources". The decision favored the Department over the assessee, with no costs awarded due to the lack of representation for the assessee. Case-Laws Income Tax Thu, 16 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27381