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Hoarding rent-Income from house property or income from other sources?
Case Law Details
- Case Name
- Bimanagar Co. Op. Housing Society Ltd. Vs ITO (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-09
- Courts
- All ITAT, ITAT Ahmedabad
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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 ‘build...
