Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1967 (4) TMI 16 - SC - Income Tax
Hiring out of specially built vaults and providing special services to the licensees - return received by the assessee is not the income derived from the exercise of property rights only but is derived from carrying on an adventure or concern in the nature of trade. Therefore, the income arising therefrom is assessable under s. 10.