Income from residuary sources governs ordinary-source receipts when they must be included under specified heads of taxable income. Income classified as Income from ordinary sources shall be computed under the head Income from residuary sources when it must be included in computing income that is includible under any of the specified heads of income.
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.
Income from residuary sources governs ordinary-source receipts when they must be included under specified heads of taxable income.
Income classified as Income from ordinary sources shall be computed under the head Income from residuary sources when it must be included in computing income that is includible under any of the specified heads of income.
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