https://www.taxtmi.com/caselaws?id=10626 The High Court of GUJARAT interpreted the Income-tax Act, 1961 regarding the deletion of income from 'Jadhav Bungalow.' The court upheld the Appellate Tribunal's decision to delete the income, citing the principle that an "owner" must be entitled to receive income from the property. The court found the Tribunal's reliance on past orders and assessment of the assessee's control over the property to be valid. The judgment favored the assessee, emphasizing the significance of ownership rights and control in determining taxation liabilities. No costs were awarded, concluding the matter in favor of the assessee. en-us Thu, 17 Feb 2005 00:00:00 +0530 Mon, 20 Jul 2009 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10626 The High Court of GUJARAT interpreted the Income-tax Act, 1961 regarding the deletion of income from 'Jadhav Bungalow.' The court upheld the Appellate Tribunal's decision to delete the income, citing the principle that an "owner" must be entitled to receive income from the property. The court found the Tribunal's reliance on past orders and assessment of the assessee's control over the property to be valid. The judgment favored the assessee, emphasizing the significance of ownership rights and control in determining taxation liabilities. No costs were awarded, concluding the matter in favor of the assessee. Case-Laws Income Tax Thu, 17 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10626