https://www.taxtmi.com/caselaws?id=39063 Repeated acquisition of godowns on temporary lease, varied sub-letting arrangements, and active use of staff and brokers showed an organised and continuous commercial operation rather than mere enjoyment of property. The partnership deed also evidenced an intention to carry on business, so the letting and sub-letting activity was treated as business. On that basis, the partnership was held to be validly constituted. en-us Thu, 29 Jan 1976 00:00:00 +0530 Mon, 12 Apr 2010 12:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39063 Repeated acquisition of godowns on temporary lease, varied sub-letting arrangements, and active use of staff and brokers showed an organised and continuous commercial operation rather than mere enjoyment of property. The partnership deed also evidenced an intention to carry on business, so the letting and sub-letting activity was treated as business. On that basis, the partnership was held to be validly constituted. Case-Laws Income Tax Thu, 29 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39063