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1 - 7 of 7 (0.20 seconds)Section 9 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
The United Commercial Bank ... vs The Commissioner Of Income-Tax,West ... on 23 May, 1957
In Commercial Properties Ltd. v. Commissioner of Income-tax income derived from rents by a company whose sole object was to acquire lands, build houses and let them to tenants and whose sole business was management and collection of rents from the said properties, was held assessable under section 9 and not under section 10 of the Income-tax Act. It was observed in that cases that, merely because the owner property, was a company incorporated with object of owning property, the incidence of income derived from the property owned could not be regarded as altered; the income came more directly and specifically under the head "property" than income from business.
Section 10 in The Income Tax Act, 1961 [Entire Act]
Income Tax Rules, 1962
Indian Companies Act, 1913
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