Income from house property is a taxable head, excluding parts occupied for taxable business or profession. The annual value of buildings and appurtenant land owned by the assessee is chargeable as Income from house property, but portions occupied by the assessee for his business or profession are excluded from that head where profits of such business or profession are chargeable to tax.
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 house property is a taxable head, excluding parts occupied for taxable business or profession.
The annual value of buildings and appurtenant land owned by the assessee is chargeable as Income from house property, but portions occupied by the assessee for his business or profession are excluded from that head where profits of such business or profession are chargeable to tax.
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