High Court rules rental income from jointly owned property taxable u/s 22, not Section 56, after blending. https://www.taxtmi.com/highlights?id=22770 Land belonging to the husband has been thrown into the common stock of joint property between the husband and the wife - doctrine of blending applied - They borne the cost of construction in the ratio of 1/3rd and 2/3rd. - Rental income has to be taxed u/s 22 and not as other sources u/s 56 - HC en-us Fri, 01 May 2015 08:28:53 +0530 Fri, 01 May 2015 08:28:53 +0530 TaxTMI RSS Generator High Court rules rental income from jointly owned property taxable u/s 22, not Section 56, after blending. https://www.taxtmi.com/highlights?id=22770 Land belonging to the husband has been thrown into the common stock of joint property between the husband and the wife - doctrine of blending applied - They borne the cost of construction in the ratio of 1/3rd and 2/3rd. - Rental income has to be taxed u/s 22 and not as other sources u/s 56 - HC Highlights Income Tax Fri, 01 May 2015 08:28:53 +0530 https://www.taxtmi.com/highlights?id=22770