https://www.taxtmi.com/caselaws?id=179472 The appeal against the order of CIT(A) for A.Y 2004-05 regarding the assessment of income under section 5A of the Income Tax Act for a couple governed by the Portuguese Civil Code, 1960 in Goa was partially allowed. The court ruled that the flats given as commission to a third party were not to be added to the Assessee's income. However, cash received for the flats was to be included due to lack of evidence. Additionally, the income from the assignment of the flat was to be taxed in A.Y 2009-10 when possession was obtained, not in A.Y 2004-05 as argued by the AO. en-us Wed, 31 Jul 2013 00:00:00 +0530 Wed, 02 Mar 2016 17:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179472 The appeal against the order of CIT(A) for A.Y 2004-05 regarding the assessment of income under section 5A of the Income Tax Act for a couple governed by the Portuguese Civil Code, 1960 in Goa was partially allowed. The court ruled that the flats given as commission to a third party were not to be added to the Assessee's income. However, cash received for the flats was to be included due to lack of evidence. Additionally, the income from the assignment of the flat was to be taxed in A.Y 2009-10 when possession was obtained, not in A.Y 2004-05 as argued by the AO. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179472