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1 - 7 of 7 (0.95 seconds)Section 57 in Income Tax Rules, 1962 [Entire Act]
Dr. P.A. Varghese vs Commissioner Of Income-Tax on 2 December, 1970
22. However, in the present case, as already discussed, it is plain that
letting is not merely of the building but a composite letting of both, the
building as well as the equipment, furniture etc. and thereby Section 56
(2) (iii) of the Act was attracted. Applying the test laid down in Sultan
Bros. (supra) the income from the letting in the hands of the Assessee
was "a new kind of income" which could be considered to be income
from house property since the income not from the ownership of the
building alone "but an income which though arising from a building
would not have arisen if the plant, machinery and furniture had not also
been let along with it."
Income Tax Rules, 1962
Section 12 in Income Tax Rules, 1962 [Entire Act]
Commissioner Of Income Tax (Tds)-I vs C.J. International Hotels Pvt. Ltd. on 9 February, 2015
In support of this plea, Mr. Kapoor
relied upon the decision of the Karnataka High Court in CIT v. Mysore
International Hotels Pvt. Ltd (2010) 322 ITR 116 (Kar).
Section 56 in Income Tax Rules, 1962 [Entire Act]
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