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2012 (5) TMI 641 - AT - Income TaxDisallowance of expenditure u/s 14A Due date for payment of deposit linked insurance premium Nature of income - We are unable to appreciate the contentions of the assessee that the income should rightly be assessed under the head “Income From House Property”. The assessee cannot take a “U” turn by filing an additional ground. To decide as to whether an income has to be assessed under the head “Income From Business” or under the head “Income From House Property”, certain material facts have to be examined. The agreements, the functions of the parties, etc., have to be seen.
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