TaxTMI 
TaxTMI 
1985 (8) TMI 56
X X X X Extracts X X X X
X X X X Extracts X X X X
....e Income-tax Act, 1961, the Commissioner of Income-tax, Rajasthan, desires us to call upon the Income-tax Appellate Tribunal, Jaipur Bench, Jaipur, to refer the following question of law arising out of the order of the Appellate Tribunal, dated February 15, 1979, to this court for its opinion : " Whether, under the facts and circumstances of the case, the Tribunal was justified in holding that th....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ax Officer and held that the income from lease money should be recomputed under the head 'Business income' and the expenses claimed by the assessee should be allowed as incidental to business. No reasons were assigned by the Appellate Assistant Commissioner but he followed his earlier decision in respect of the assessment years 1973-74, 1974-75, 1975-76 and 1976-77. The Income-tax Appellate Tribu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e of the income of the assessee from lease money, as to whether it was income from business or it was income from other sources. The question as to whether the expenses claimed by the assessee could or could not be allowed as incidental to the business or as incurred in earning such income, depends entirely on the question as to whether the income from the lease money is held to be income from bus....