https://www.taxtmi.com/highlights?id=65083 Rental income from letting out of the factory building - Profits and gains of business or profession OR Income from Other Sources - the intention of the assessee was to lease out both the assets to the same lessee and the usage of the two assets was inseparable. - The income earned by the assessee, under both the streams, have rightly been held to be assessable u/s 56(2)(iii) which provide for assessment of income as Income from other sources - AT en-us Fri, 12 Aug 2022 08:31:49 +0530 Fri, 12 Aug 2022 08:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65083 Rental income from letting out of the factory building - Profits and gains of business or profession OR Income from Other Sources - the intention of the assessee was to lease out both the assets to the same lessee and the usage of the two assets was inseparable. - The income earned by the assessee, under both the streams, have rightly been held to be assessable u/s 56(2)(iii) which provide for assessment of income as Income from other sources - AT Highlights Income Tax Fri, 12 Aug 2022 08:31:49 +0530 https://www.taxtmi.com/highlights?id=65083