https://www.taxtmi.com/caselaws?id=56296 The Appellate Tribunal ITAT Ahmedabad-C dismissed the appeals, upholding the decisions of the CIT (A) and AAC to assess the income from letting out of godowns directly in the hands of co-owners based on the provisions of Section 26 of the Income Tax Act. The Tribunal clarified the distinction between business activity and income from house property, emphasizing the importance of definite and ascertainable shares of co-owners for separate assessments. en-us Tue, 11 Sep 1984 00:00:00 +0530 Thu, 02 Dec 2010 18:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56296 The Appellate Tribunal ITAT Ahmedabad-C dismissed the appeals, upholding the decisions of the CIT (A) and AAC to assess the income from letting out of godowns directly in the hands of co-owners based on the provisions of Section 26 of the Income Tax Act. The Tribunal clarified the distinction between business activity and income from house property, emphasizing the importance of definite and ascertainable shares of co-owners for separate assessments. Case-Laws Income Tax Tue, 11 Sep 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56296