1993 (7) TMI 14 - HC - Income Tax

Annual Value HUF Income Income From Property Income Of HUF Individual Income Rent Control

Summary

The High Court of Delhi addressed three questions of law related to assessment years 1973-74 and 1974-75. The court ruled that shares and dividend belonged to the Hindu undivided family, standard rent must be used for property valuation, and income from certain shares belonged to individuals. The decisions were based on previous court rulings.