1963 (12) TMI 4 - SC - Income Tax

Whether, on the facts and circumstances of the case, the income derived from letting of the building constructed on Plot No. 7 is properly to be computed under sections 9, 10 or under section 12 of the Income-tax Act?

Held that:- The rent from the building will be computed separately from the income from the furniture and fixtures and in the case of rent from the building the appellant will be entitled to the allowances mentioned in sub-section (4) of section 12 and in the case of income from the furniture and fixtures, to those mentioned in sub-section (3), and that no part of the income can be assessed under section 9 or under section 10. Appeal allowed.