https://www.taxtmi.com/caselaws?id=64029 The tribunal ruled in favor of the assessee, determining that the lease rent received for the terrace floor should be considered as income from house property rather than income from other sources. The tribunal found that the terrace floor was an integral part of the building, allowing for the lessee to erect temporary structures on it, indicating its use as part of the property. Therefore, the income from the terrace floor fell under the category of income from house property as per the provisions of the Income-tax Act, 1961. The tribunal directed the Income Tax Officer to compute the taxable income accordingly, setting aside the orders of the lower authorities. en-us Fri, 22 Nov 1985 00:00:00 +0530 Thu, 03 Feb 2011 12:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64029 The tribunal ruled in favor of the assessee, determining that the lease rent received for the terrace floor should be considered as income from house property rather than income from other sources. The tribunal found that the terrace floor was an integral part of the building, allowing for the lessee to erect temporary structures on it, indicating its use as part of the property. Therefore, the income from the terrace floor fell under the category of income from house property as per the provisions of the Income-tax Act, 1961. The tribunal directed the Income Tax Officer to compute the taxable income accordingly, setting aside the orders of the lower authorities. Case-Laws Income Tax Fri, 22 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64029