https://www.taxtmi.com/caselaws?id=57353 Rental receipts from industrial sheds were treated as business income because the assessee's memorandum and prospectus showed that constructing industrial estates, promoting industries, and providing consultancy and supporting infrastructure were part of its commercial objects. The sheds were not exploited as a bare letting of property by an owner simpliciter; they formed an integral part of a trading venture in which the property was commercially deployed alongside infrastructural and related services. On that reasoning, the receipts were assessable as business income and not under the head income from property. en-us Tue, 27 Jul 1982 00:00:00 +0530 Thu, 09 Dec 2010 17:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57353 Rental receipts from industrial sheds were treated as business income because the assessee's memorandum and prospectus showed that constructing industrial estates, promoting industries, and providing consultancy and supporting infrastructure were part of its commercial objects. The sheds were not exploited as a bare letting of property by an owner simpliciter; they formed an integral part of a trading venture in which the property was commercially deployed alongside infrastructural and related services. On that reasoning, the receipts were assessable as business income and not under the head income from property. Case-Laws Income Tax Tue, 27 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57353