S. 28(i) : Business income-Income from lease-Exploitation of property and not exploitation of business assets-Assessable as income from other sources-Quality loss-No business carried on-Not allowable as deduction. [S. 2(14), 56]
PTL Enterprises Ltd. v. Dy. CIT (2021) 439 ITR 365/( 2022) 212 DTR 404 / 326 CTR 282 (Ker.)(HC).Editorial : Affirmed in PTL Enterprises Ltd. v. Dy. CIT( 2022) 443 ITR 260 (SC)