https://www.taxtmi.com/caselaws?id=22746 Notional income from house property was considered in the context of flats and bungalows where possession had been handed over to purchasers but conveyance deeds remained unexecuted. The High Court held that a question of law arose from the Tribunal's order and reframed the issue to ask whether such notional income is chargeable as income from house property in those circumstances. The Court did not decide the merits of that tax question; it directed the Tribunal to draw up a statement of the case and refer the reframed question under section 256(2) of the Income-tax Act, 1961, within six months. en-us Mon, 13 Aug 1990 00:00:00 +0530 Sat, 12 Dec 2009 16:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22746 Notional income from house property was considered in the context of flats and bungalows where possession had been handed over to purchasers but conveyance deeds remained unexecuted. The High Court held that a question of law arose from the Tribunal's order and reframed the issue to ask whether such notional income is chargeable as income from house property in those circumstances. The Court did not decide the merits of that tax question; it directed the Tribunal to draw up a statement of the case and refer the reframed question under section 256(2) of the Income-tax Act, 1961, within six months. Case-Laws Income Tax Mon, 13 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22746