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2014 (5) TMI 585 - HC - Income TaxIncome received by the Ruler from part of the palace - rental income - Interpretation of Section 10(19A) of the Act – Held that:- Earlier Division Bench judgment in Maharawal Laxman Singh Vs. C.I.T. [1985 (7) TMI 24 - RAJASTHAN High Court], in which it was held that under Section 10(19A) of the Income Tax Act, 1961, the annual value of any one palace in the occupation of a Ruler is exempt from tax in computing his total income, lays down correct law and the latter Division Bench judgmnet in C.I.T. Vs. H.H. Maharao Bhim Singhji - [1987 (8) TMI 12 - RAJASTHAN High Court], having not been correctly decided, does not lay down good law. - Decided against the revenue.
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