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1972 (8) TMI 11 - HC - Income TaxRental receipts – income from property vis-s-vis income from business - company closes down its business and after sale of machinery lets out the building - rent received by the assessee could only be traced to the ownership of the building - It could not be said to be income from the business of film production especially when assessee had sold all the machinery required for the film production - income should be assessed under the head "income from property
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