https://www.taxtmi.com/caselaws?id=49490 The court upheld the tax authorities' decision to assess income derived from shops and stalls by a private company as property income under section 9 of the Income-tax Act. The court emphasized that the classification of income is based on the specific sources from which income is derived, with distinct heads being mutually exclusive. The judgment clarified that the primary source of income from the stalls is the occupation of the stalls, leading to the dismissal of the appellant's appeal. en-us Wed, 02 Nov 1960 00:00:00 +0530 Mon, 01 Sep 2014 21:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49490 The court upheld the tax authorities' decision to assess income derived from shops and stalls by a private company as property income under section 9 of the Income-tax Act. The court emphasized that the classification of income is based on the specific sources from which income is derived, with distinct heads being mutually exclusive. The judgment clarified that the primary source of income from the stalls is the occupation of the stalls, leading to the dismissal of the appellant's appeal. Case-Laws Income Tax Wed, 02 Nov 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49490