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2005 (2) TMI 66 - HC - Income TaxTotal income annual letting value of the godown - "Whether Tribunal was justified in holding that the annual letting value of the godown owned by the assessee and used for the business carried on by him in partnership was not liable to be included in his total income under section 22 of the Income-tax Act, 1961?" - Tribunal did not commit any mistake in granting exemption to the assessee with regard to the property income from the property in occupation of a firm in which the assessee is also one of the partners. - In the result, we answer the aforesaid question in the affirmative, i.e., against the Department and in favour of the assessee.
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