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2011 (2) TMI 497 - HC - Income TaxIncome from Other sources or House property - whether income from furniture and fixtures and other amenities provided by the owner of the property would constitute income from house property - Held that:- When section 56(2)(iii) makes it explicitly clear that the income from machinery or fixture belonging to the assessee and let out on hire, if it is not chargeable under the heading of 'Profits and gains of business or profession', then it has to be charged to income-tax under the heading 'income from other sources'. - If the aforesaid income is inseparable from letting out the said plant & machinery other than the income of such letting out cannot if it is not chargeable to income-tax under 'profits and gains or profession', is chargeable under the head 'Income from other sources'. Therefore under these circumstances, the income derived from letting out the furniture and fixture is not chargeable under the heading of 'income from house property'.
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