Classification of sources of income: income must be divided into special and ordinary sources for tax computation. All receipts for the purpose of computing a person's total income for a financial year must be classified under two heads: income from special sources and income from ordinary sources, forming the core structural rule for organizing taxable receipts under the applicable tax legislation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Classification of sources of income: income must be divided into special and ordinary sources for tax computation.
All receipts for the purpose of computing a person's total income for a financial year must be classified under two heads: income from special sources and income from ordinary sources, forming the core structural rule for organizing taxable receipts under the applicable tax legislation.
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