https://www.taxtmi.com/caselaws?id=58628 The ITAT Bombay-C ruled in favor of the assessee, determining that the income derived from providing warehousing facilities should be classified as business income, not income from other sources. The judgment emphasized that the nature of the activity and income source should dictate the classification for taxation purposes, overriding any restrictions in the company's Memorandum of Association. en-us Thu, 18 Jul 1991 00:00:00 +0530 Tue, 21 Dec 2010 12:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58628 The ITAT Bombay-C ruled in favor of the assessee, determining that the income derived from providing warehousing facilities should be classified as business income, not income from other sources. The judgment emphasized that the nature of the activity and income source should dictate the classification for taxation purposes, overriding any restrictions in the company's Memorandum of Association. Case-Laws Income Tax Thu, 18 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58628