https://www.taxtmi.com/caselaws?id=22086 Lease rent received by an official receiver retains the character already attributed to the co-owners when the receiver merely steps into their shoes. The receipt is therefore assessable under the head "Other sources" and not as business income. On status, the lease rent is not taxable in the hands of an association of persons; the receiver is to be assessed as an individual in respect of that income. The referenced view was followed on both issues, leaving the Revenue's position accepted on classification and status. en-us Tue, 26 Mar 1991 00:00:00 +0530 Mon, 07 Dec 2009 10:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22086 Lease rent received by an official receiver retains the character already attributed to the co-owners when the receiver merely steps into their shoes. The receipt is therefore assessable under the head "Other sources" and not as business income. On status, the lease rent is not taxable in the hands of an association of persons; the receiver is to be assessed as an individual in respect of that income. The referenced view was followed on both issues, leaving the Revenue's position accepted on classification and status. Case-Laws Income Tax Tue, 26 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22086