Hoarding rent-Income from house property or income from other sources?

Bimanagar Co. Op. Housing Society Ltd. Vs ITO (ITAT Ahmedabad) Assessee Society is a tenement co-operative housing society, in which ownership of the land and building vests in the society itself, and not the member of society. This legal distinction, in principle, in recognized by Hon’ble jurisdictional High Court in the case of Mulshankar Kunwerji Gor & Ors. v. J.S. Judga (AIR 1980 Guj. 62). The very foundation of stand taken by the authorities below is thus legally unsustainable. Coming to the connotations of “land appurtenant thereto” in the expression ‘building or land appur...