1980 (9) TMI 37

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..... ng question for our opinion : " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the income from lease rent was assessable as income from business and not as income from other sources ? " As, according to us, on facts stated, no question of law arises, we decline to answer the same. The year of assessment in question was 1971-72 for .....

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..... ly reached the Appellate Tribunal. The Tribunal observed as follows: " We have gone through all these authorities carefully and the ratio decidendi of all these authorities is that in such a case it is a question of fact as to whether the intention of the assessee was to get rid of business altogether or the plant and machinery had been leased out for commercial exploitation thereof. We have als .....

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