https://www.taxtmi.com/caselaws?id=332542 Co-ownership shares in a jointly acquired property may be determined by the actual contribution proved on record; where the evidence of separate funding requires verification, the matter is remitted for factual examination. Rent and service charges from an isolated commercial property are taxable as income from house property when the dominant letting is of the building and the amenities are only incidental, with no inseparable letting of plant, machinery or furniture established. The co-ownership issue was restored to the Assessing Officer for verification, while the income characterisation issue was decided in favour of the assessee. en-us Fri, 29 Jul 2016 00:00:00 +0530 Tue, 20 Sep 2016 09:05:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332542 Co-ownership shares in a jointly acquired property may be determined by the actual contribution proved on record; where the evidence of separate funding requires verification, the matter is remitted for factual examination. Rent and service charges from an isolated commercial property are taxable as income from house property when the dominant letting is of the building and the amenities are only incidental, with no inseparable letting of plant, machinery or furniture established. The co-ownership issue was restored to the Assessing Officer for verification, while the income characterisation issue was decided in favour of the assessee. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332542