https://www.taxtmi.com/article/detailed?id=7246 Section 10(19A) exempts the annual value of one palace in the Ruler's occupation if ancestral or declared official residence; the key legal issue is whether partial letting of such a palace negates exemption for the whole or confines it to the portion actually occupied. Some courts interpret the phrase "one palace" as precluding fractional splitting and thus treat the palace as a single exempt unit, while other decisions limit exemption to the self-occupied portion and tax income from let parts, the divergence arising from differing readings of the statutory wording. en-us Wed, 01 Feb 2017 08:38:08 +0530 Wed, 01 Feb 2017 08:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7246 Section 10(19A) exempts the annual value of one palace in the Ruler's occupation if ancestral or declared official residence; the key legal issue is whether partial letting of such a palace negates exemption for the whole or confines it to the portion actually occupied. Some courts interpret the phrase "one palace" as precluding fractional splitting and thus treat the palace as a single exempt unit, while other decisions limit exemption to the self-occupied portion and tax income from let parts, the divergence arising from differing readings of the statutory wording. Articles Income Tax Wed, 01 Feb 2017 08:38:08 +0530 https://www.taxtmi.com/article/detailed?id=7246