https://www.taxtmi.com/caselaws?id=56103 The Tribunal determined that the income received under the operating agreement should be classified as "income from business," allowing related deductions and the carry-forward of unabsorbed depreciation and losses. The Department's appeal was dismissed, affirming the CIT(A)'s instructions to the Assessing Officer. en-us Fri, 15 Mar 1991 00:00:00 +0530 Wed, 01 Dec 2010 16:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56103 The Tribunal determined that the income received under the operating agreement should be classified as "income from business," allowing related deductions and the carry-forward of unabsorbed depreciation and losses. The Department's appeal was dismissed, affirming the CIT(A)'s instructions to the Assessing Officer. Case-Laws Income Tax Fri, 15 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56103