https://www.taxtmi.com/caselaws?id=39168 Temporary letting of plant and machinery retained the assets' character as commercial assets because the business was not permanently abandoned and the letting was only under a court-approved arrangement to preserve the business and meet liabilities. Income from such temporary exploitation was therefore treated as business income, not income from other sources. On that basis, the document also notes that brought-forward business losses could be adjusted under the relevant set-off and carry-forward provisions. en-us Tue, 08 May 1973 00:00:00 +0530 Tue, 13 Apr 2010 13:39:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39168 Temporary letting of plant and machinery retained the assets' character as commercial assets because the business was not permanently abandoned and the letting was only under a court-approved arrangement to preserve the business and meet liabilities. Income from such temporary exploitation was therefore treated as business income, not income from other sources. On that basis, the document also notes that brought-forward business losses could be adjusted under the relevant set-off and carry-forward provisions. Case-Laws Income Tax Tue, 08 May 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39168