1981 (5) TMI 57 - AT - Income Tax

Summary

The ITAT Delhi-E upheld the AAC's order that the assessee, under a hire purchase agreement, is not liable to be assessed on notional income from a property as he is considered a tenant, not the owner. The ITO's appeal was dismissed. (Case citation: 1981 (5) TMI 57 - ITAT DELHI-E)