https://www.taxtmi.com/caselaws?id=78280 The Supreme Court ruled in favor of the assessee in a case concerning the assessment of rental income for the years 1981-82 and 1984-85. The Court held that if the assessee has not acquired legal ownership of the property, the rental income should be treated as "income from house property" and not "income from other sources." This decision overturned the previous judgment in Sushil Ansal case and emphasized the significance of legal ownership in determining the taxation category of rental income. The outcome favored the assessee in categorizing the rental income appropriately for assessment purposes. en-us Wed, 01 Sep 2010 00:00:00 +0530 Tue, 06 Sep 2011 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78280 The Supreme Court ruled in favor of the assessee in a case concerning the assessment of rental income for the years 1981-82 and 1984-85. The Court held that if the assessee has not acquired legal ownership of the property, the rental income should be treated as "income from house property" and not "income from other sources." This decision overturned the previous judgment in Sushil Ansal case and emphasized the significance of legal ownership in determining the taxation category of rental income. The outcome favored the assessee in categorizing the rental income appropriately for assessment purposes. Case-Laws Income Tax Wed, 01 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78280