https://www.taxtmi.com/caselaws?id=28643 The High Court dismissed the application, stating that the question did not arise based on the facts of the case. The judgment clarified the tax treatment of income from property used for business purposes, emphasizing the distinction between income from property let out by an individual versus a partnership firm. It highlighted the specific tax provisions applicable in such scenarios and provided a definitive interpretation regarding the assessment of income in partnership arrangements involving property letting. en-us Wed, 26 May 1982 00:00:00 +0530 Wed, 24 Feb 2010 15:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28643 The High Court dismissed the application, stating that the question did not arise based on the facts of the case. The judgment clarified the tax treatment of income from property used for business purposes, emphasizing the distinction between income from property let out by an individual versus a partnership firm. It highlighted the specific tax provisions applicable in such scenarios and provided a definitive interpretation regarding the assessment of income in partnership arrangements involving property letting. Case-Laws Income Tax Wed, 26 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28643