Floor area thresholds under section 139 set residential and commercial limits affecting presumptive return requirements. The Central Board of Direct Taxes, under the proviso to section 139(1) of the Income tax Act, specifies citywise floor area thresholds: a uniform residential threshold for properties used for residential purposes (excluding huts and kutcha dwellings) and city specific commercial thresholds set out in the accompanying table, to serve the operative requirements of clause (i) of the proviso.
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.
Floor area thresholds under section 139 set residential and commercial limits affecting presumptive return requirements.
The Central Board of Direct Taxes, under the proviso to section 139(1) of the Income tax Act, specifies citywise floor area thresholds: a uniform residential threshold for properties used for residential purposes (excluding huts and kutcha dwellings) and city specific commercial thresholds set out in the accompanying table, to serve the operative requirements of clause (i) of the proviso.
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