https://www.taxtmi.com/caselaws?id=173449 The ruling clarified that the arrears of rent received by the applicant were not subject to income tax for the assessment year in question. The judgment emphasized the provisions of the Income-tax Act and established legal principles governing the assessment of income from property. The applicant's filing of a corrected application under section 245Q(1) of the Act was crucial in seeking a ruling on the tax liability of the arrears of rent. The responsibility to implement the ruling rested with the applicant to seek necessary relief from the tax department. en-us Mon, 26 Dec 1994 00:00:00 +0530 Fri, 23 Oct 2015 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173449 The ruling clarified that the arrears of rent received by the applicant were not subject to income tax for the assessment year in question. The judgment emphasized the provisions of the Income-tax Act and established legal principles governing the assessment of income from property. The applicant's filing of a corrected application under section 245Q(1) of the Act was crucial in seeking a ruling on the tax liability of the arrears of rent. The responsibility to implement the ruling rested with the applicant to seek necessary relief from the tax department. Case-Laws Income Tax Mon, 26 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173449