Complexity of income need to be considered, to decide under which head rental Income will be taxed

RELEVANT PARAGRAPH 5. From the facts of this case, it transpires that the Hon’ble Supreme Court has not laid down any universally applicable principle that income from immovable property, be invariably taxed under the head ‘Income from House Property’. It was on the consideration of the cumulative effect of all the factors prevailing in case, which have been noted above, that the income from immovable property was held to be taxable under this head. It becomes more explicit when we go through the judgment in entirety and note that different tests have been formulated in this ...