Income from leasing of factory premises after discontinuing business is taxable as Income from other sources

T.R. Mills (P.) Ltd. Vs ITO (ITAT Bangalore)

There is no dispute that the assessee discontinued its business of textile mill and let out the factory premises to the following persons :–

(i) Professional Marketing Group.

(ii) Frontline Marketing.

(iii) Indras Agency.

It is also not disputed that leasing of plant and machinery, godown

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