Significant cooling is an essential requirement in the field of aeronautical and bio-medical engineering, nuclear reactor system, solar collectors, and in development of electronic chips etc. Involving rotating conical geometries. In view of this, flow and heat transfer over conical geometries subject to different constraints of motion are highly needed. Implementation of magnetic field subject to flow pattern controls the fluid motion thereby imparting better cooling. Consideration of nanofluid instead of regular fluid yields prominent cooling of the associated surface. Such relevance has motivated the authors to work on magnetohydrodynamics and heat transfer investigation of water-EG (50:50) mixture based Al2O3 and Fe3O4 past heated and rotating down-pointing upright cone subject to impact of space and temperature varying non-uniform heat source or sink. Numerical solution of dimensionless governing equations is accomplished by implementing Runge-Kutta method. The findings indicate that swirl and axial velocities peter out with rise in magnetic parameter while both exhibit opposite impact in response to slip parameter. Temperature profiles upgrade due to amplification of space and temperature dependent parameters. Skin friction and heat transportation upsurge with growth of solid volume fraction of nanoparticle.