https://www.taxtmi.com/caselaws?id=346609 The Supreme Court affirmed the inclusion of the net rental value in the appellant's income for Assessment Year 1998-99, as the appellant devised a method to underreport income by leasing property to family members who sub-leased it at higher rents. The Court recognized the concern of double taxation, as the same income was taxed in the hands of the appellant's family members. The Court upheld the Assessing Authority's right to tax the rightful person but suggested the family members seek redressal to prevent double taxation. The appeals were disposed of with acknowledgment of factual findings and the double taxation issue. en-us Fri, 14 Jul 2017 00:00:00 +0530 Tue, 26 Sep 2017 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346609 The Supreme Court affirmed the inclusion of the net rental value in the appellant's income for Assessment Year 1998-99, as the appellant devised a method to underreport income by leasing property to family members who sub-leased it at higher rents. The Court recognized the concern of double taxation, as the same income was taxed in the hands of the appellant's family members. The Court upheld the Assessing Authority's right to tax the rightful person but suggested the family members seek redressal to prevent double taxation. The appeals were disposed of with acknowledgment of factual findings and the double taxation issue. Case-Laws Income Tax Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346609