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1972 (10) TMI 27 - HC - Income Tax" Whether the income from the lease of the Kohinoor Cinema building, which had been equipped as a cinema theatre, is assessable under section 12 of the Indian Income-tax Act, 1922, or under section 9 of that Act? " and " Whether the mortgage interest allocated to the building, K (Rs. 28,052 and Rs. 31,583, as the case may be), is an admissible deduction under section 9(1)(iv) in computing the assessee's income from the two properties (other than ' the building, K ') for the assessment years 1958-59 and 1959-60 ? " Our answer to the first question is that the income from the lease of the Kohinoor Cinema building which has been equipped as a Cinema Theatre is assessable under section 12 of the Indian Income-tax Act, 1922. So far as the second question is concerned, it is answered in the affirmative.
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