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1973 (7) TMI 31 - HC - Income Tax" 1. Whether, on the facts and in the circumstances stated in the statement of case, the income derived by letting oat the space on Ambalal (sic Jhaverbhai) Patel Bridge at Chowpatty is exempt from tax under section 4(3)(i) of the Indian Income-tax Act, 1922 ? 2. Whether, on the facts and in the circumstances stated in the statement of case, the income from the advertisements on the said overbridge could be added as income of the assessee ? " - In that view of the matter, all the conditions necessary for claiming exemption under the provisions of section 4(3)(i) are fulfilled in the present case. Accordingly, we answer question No. 1 referred to us in the affirmative. In view of our answer to question No. 1 above, question No. 2 has to be answered in the negative
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