https://www.taxtmi.com/caselaws?id=27325 Income assessable under the head "Income from property" is not invariably required to be computed with reference to the financial year. The Bombay HC noted that sections 3, 22 and 23 of the Income-tax Act, 1961 did not indicate any such mandatory basis, and no rule or supporting authority was shown to impose it. On that reasoning, the question was answered in the negative and the assessee's view was accepted. en-us Thu, 06 Sep 1984 00:00:00 +0530 Fri, 12 Feb 2010 11:29:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27325 Income assessable under the head "Income from property" is not invariably required to be computed with reference to the financial year. The Bombay HC noted that sections 3, 22 and 23 of the Income-tax Act, 1961 did not indicate any such mandatory basis, and no rule or supporting authority was shown to impose it. On that reasoning, the question was answered in the negative and the assessee's view was accepted. Case-Laws Income Tax Thu, 06 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27325