https://www.taxtmi.com/caselaws?id=783083 Temporary letting of a sugar factory and allied assets under a collaboration arrangement was treated as exploitation of a commercial asset for business purposes, because the premises were used to carry on manufacturing activity and the agreement did not provide for sharing profits or losses. The receipts were therefore characterised as business income rather than income from other sources. On that basis, brought forward business loss was also allowable to be set off against the current year income. en-us Fri, 05 Dec 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783083 Temporary letting of a sugar factory and allied assets under a collaboration arrangement was treated as exploitation of a commercial asset for business purposes, because the premises were used to carry on manufacturing activity and the agreement did not provide for sharing profits or losses. The receipts were therefore characterised as business income rather than income from other sources. On that basis, brought forward business loss was also allowable to be set off against the current year income. Case-Laws Income Tax Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783083