https://www.taxtmi.com/caselaws?id=21286 The High Court held that the annual letting value of the club building is assessable to income-tax under the head 'Income from property.' The principle of mutuality did not apply as no rent was charged from members, and the property was in self-occupation. Therefore, the property income was deemed taxable under section 22 of the Income-tax Act, 1961. The court ruled in favor of the Revenue, emphasizing the absence of rent as a crucial factor in determining the taxability of the property income. en-us Wed, 11 Nov 1992 00:00:00 +0530 Sat, 21 Nov 2009 12:28:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21286 The High Court held that the annual letting value of the club building is assessable to income-tax under the head 'Income from property.' The principle of mutuality did not apply as no rent was charged from members, and the property was in self-occupation. Therefore, the property income was deemed taxable under section 22 of the Income-tax Act, 1961. The court ruled in favor of the Revenue, emphasizing the absence of rent as a crucial factor in determining the taxability of the property income. Case-Laws Income Tax Wed, 11 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21286