https://www.taxtmi.com/caselaws?id=29447 Receipts from running an auditorium and providing air-conditioning and related facilities were held to be assessable as business income because the activity was organised, commercial, and carried on with the object of earning profit. The court treated the residuary head of income from other sources as applicable only where the income could not fit under an earlier head. On the facts, the auditorium was not a bare letting of property, and the services involved specialised equipment, staff, maintenance, supervision, and auxiliary facilities, showing a business operation rather than passive ownership income. en-us Fri, 05 Feb 1982 00:00:00 +0530 Sat, 13 Mar 2010 10:04:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29447 Receipts from running an auditorium and providing air-conditioning and related facilities were held to be assessable as business income because the activity was organised, commercial, and carried on with the object of earning profit. The court treated the residuary head of income from other sources as applicable only where the income could not fit under an earlier head. On the facts, the auditorium was not a bare letting of property, and the services involved specialised equipment, staff, maintenance, supervision, and auxiliary facilities, showing a business operation rather than passive ownership income. Case-Laws Income Tax Fri, 05 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29447