https://www.taxtmi.com/caselaws?id=38128 The court held that receipts from hire of furniture and rents received by the assessee should be classified as business income rather than income from other sources or property. It emphasized that when accommodation is let out for business purposes, associated income, including rents and furniture hire, should be treated as business income under section 28 of the Income-tax Act, 1961. The court rejected the argument that the receipts from hire of furniture should fall under a specific clause of the Act, stating that the intention of the parties determines the classification. The applications for reference were rejected, and the assessee was awarded costs in both cases. en-us Thu, 23 Mar 1978 00:00:00 +0530 Sat, 03 Apr 2010 12:56:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38128 The court held that receipts from hire of furniture and rents received by the assessee should be classified as business income rather than income from other sources or property. It emphasized that when accommodation is let out for business purposes, associated income, including rents and furniture hire, should be treated as business income under section 28 of the Income-tax Act, 1961. The court rejected the argument that the receipts from hire of furniture should fall under a specific clause of the Act, stating that the intention of the parties determines the classification. The applications for reference were rejected, and the assessee was awarded costs in both cases. Case-Laws Income Tax Thu, 23 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38128